Shares of Ikkuma Resources Corp (CVE:IKM) reached a new 52-week high on Thursday . The company traded as high as C$0.67 and last traded at C$0.67, with a volume of 55932 shares changing hands. The stock had previously closed at C$0.63.
Separately, TD Securities increased their price objective on Ikkuma Resources from C$0.35 to C$0.45 and gave the company a “hold” rating in a report on Monday, July 9th.
Ikkuma Resources (CVE:IKM) last posted its quarterly earnings data on Wednesday, August 29th. The company reported C($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.07) by C($0.01). The company had revenue of C$16.46 million during the quarter. Ikkuma Resources had a negative net margin of 37.51% and a negative return on equity of 10.10%.
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.
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