Snipp Interactive (CVE:SPN) Stock Price Up 25% – Here’s Why

Snipp Interactive Inc. (CVE:SPNGet Free Report) was up 25% during mid-day trading on Friday . The company traded as high as C$0.06 and last traded at C$0.05. Approximately 1,171,999 shares were traded during mid-day trading, an increase of 564% from the average daily volume of 176,527 shares. The stock had previously closed at C$0.04.

Snipp Interactive Price Performance

The company has a debt-to-equity ratio of 9.16, a current ratio of 0.90 and a quick ratio of 2.18. The company has a fifty day moving average price of C$0.05 and a 200 day moving average price of C$0.05. The company has a market capitalization of C$14.36 million, a P/E ratio of -5.00 and a beta of 0.29.

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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