Snipp Interactive (CVE:SPN) Shares Down 10% – What’s Next?

Snipp Interactive Inc. (CVE:SPN)’s share price was down 10% during mid-day trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 359,741 shares were traded during mid-day trading, an increase of 211% from the average daily volume of 115,621 shares. The stock had previously closed at C$0.10.

Snipp Interactive Price Performance

The company has a current ratio of 0.90, a quick ratio of 2.18 and a debt-to-equity ratio of 9.16. The stock has a 50-day simple moving average of C$0.08 and a 200 day simple moving average of C$0.08. The stock has a market capitalization of C$25.75 million, a price-to-earnings ratio of -9.00 and a beta of 1.42.

Snipp Interactive Company Profile

Snipp Interactive Inc provides mobile marketing, rebates, and loyalty solutions in the United States, Canada, Ireland, and internationally. The company offers SnippCheck, a receipt processing system that allows brands to execute customized purchase-based promotions and loyalty programs; SnippWin, a promotion and sweepstakes platform provides various promotions from contests and simple sweepstakes to instant win programs and tiered, multi-level games; and SnippLoyalty, an end-to-end real time multichannel SaaS cloud-based customer loyalty program software.