Snipp Interactive (CVE:SPN) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Snipp Interactive Inc. (CVE:SPNGet Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.06 and traded as low as C$0.06. Snipp Interactive shares last traded at C$0.06, with a volume of 71,000 shares trading hands.

Snipp Interactive Trading Down 8.3%

The firm has a market capitalization of C$15.74 million, a PE ratio of -5.50 and a beta of 0.42. The firm has a 50 day simple moving average of C$0.06 and a 200 day simple moving average of C$0.06. The company has a current ratio of 0.90, a quick ratio of 2.18 and a debt-to-equity ratio of 9.16.

Snipp Interactive Company Profile

(Get Free Report)

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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