Ikkuma Resources Corp. (IKM.V) (CVE:IKM) Trading Down 8% – Here’s Why

Shares of Ikkuma Resources Corp. (IKM.V) (CVE:IKM) were down 8% on Thursday . The company traded as low as C$0.46 and last traded at C$0.46. Approximately 18,600 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 213,507 shares. The stock had previously closed at C$0.50.

Ikkuma Resources Corp. (IKM.V) Price Performance

The stock has a market cap of C$50.29 million and a price-to-earnings ratio of -0.91. 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 company has a 50-day simple moving average of C$0.46 and a two-hundred day simple moving average of 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.