Ikkuma Resources Corp. (IKM.V) (CVE:IKM) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Ikkuma Resources Corp. (IKM.V) (CVE:IKM)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.46 and traded as low as C$0.46. 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) Stock Performance

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 firm has a 50-day simple moving average of C$0.46 and a 200 day simple moving average of C$0.46. 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.