Snipp Interactive (CVE:SPN) Shares Down 15% – What’s Next?

Snipp Interactive Inc. (CVE:SPNGet Free Report)’s stock price fell 15% during mid-day trading on Tuesday . The stock traded as low as C$0.09 and last traded at C$0.09. 213,676 shares traded hands during mid-day trading, an increase of 89% from the average session volume of 113,030 shares. The stock had previously closed at C$0.10.

Snipp Interactive Stock Down 15.0 %

The company has a debt-to-equity ratio of 9.16, a quick ratio of 2.18 and a current ratio of 0.90. The business has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.08. The firm has a market capitalization of C$24.32 million, a price-to-earnings ratio of -10.00 and a beta of 1.42.

About Snipp Interactive

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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.

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