Ikkuma Resources Corp. (IKM.V) (CVE:IKM) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Ikkuma Resources Corp. (IKM.V) (CVE:IKM)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Ikkuma Resources Corp. (IKM.V) Trading Down 8.0%

The business’s fifty day moving average is C$0.46 and its 200-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 cap of C$50.29 million and a P/E ratio of -0.91.

About Ikkuma Resources Corp. (IKM.V)

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.