Ikkuma Resources Corp. (IKM.V) (CVE:IKM) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Ikkuma Resources Corp. (IKM.V) (CVE:IKM) shares crossed 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 traded.

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

The firm has a 50 day moving average price of C$0.46 and a two-hundred day moving average price of C$0.46. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 56.51. The company has a market cap of C$50.29 million and a price-to-earnings 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.