Snipp Interactive (CVE:SPN) Shares Down 10% – Here’s Why

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

Snipp Interactive Trading Down 10.0 %

The company has a fifty day moving average of C$0.08 and a 200-day moving average of C$0.08. 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 firm has a market capitalization of C$25.75 million, a PE 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.