Ikkuma Resources Corp. (IKM.V) (CVE:IKM) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Ikkuma Resources Corp. (IKM.V) (CVE:IKM) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.46 and traded as high as C$0.47. Ikkuma Resources Corp. (IKM.V) shares last traded at C$0.46, with a volume of 18,600 shares trading hands.

Ikkuma Resources Corp. (IKM.V) Price Performance

The business’s 50 day moving average is C$0.46 and its two-hundred day moving average is C$0.46. The company has a debt-to-equity ratio of 56.51, a quick ratio of 0.38 and a current ratio of 0.46. The firm has a market capitalization of C$50.29 million and a PE ratio of -0.91.

Ikkuma Resources Corp. (IKM.V) Company Profile

Ikkuma Resources Corp., an oil and natural gas company, engages in the exploration and development of oil and gas resources in Western Canada. Its oil and gas properties are located in the foothills of Alberta and British Columbia. The company was formerly known as PanTerra Resource Corp. and changed its name to Ikkuma Resources Corp. in September 2014. Ikkuma Resources Corp. was founded in 1979 and is headquartered in Calgary, Canada.