Ikkuma Resources Corp. (IKM.V) (CVE:IKM) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Ikkuma Resources Corp. (IKM.V) (CVE:IKM) passed above its 50-day moving average during trading on Wednesday . 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.

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

The firm has a market capitalization of C$50.29 million and a price-to-earnings ratio of -0.91. 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’s 50 day moving average price is C$0.46 and its 200 day moving average price is C$0.46.

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.