RESAAS Services (CVE:RSS) Trading Up 10% – Time to Buy?

Shares of RESAAS Services Inc. (CVE:RSS) were up 10% during mid-day trading on Wednesday . The stock traded as high as C$0.47 and last traded at C$0.44. Approximately 52,869 shares traded hands during trading, an increase of 75% from the average daily volume of 30,288 shares. The stock had previously closed at C$0.40.

RESAAS Services Stock Performance

The company has a quick ratio of 0.74, a current ratio of 0.09 and a debt-to-equity ratio of -85.26. The stock has a market capitalization of C$35.22 million, a price-to-earnings ratio of -25.87 and a beta of -1.07. The stock’s 50-day simple moving average is C$0.44 and its 200 day simple moving average is C$0.40.

RESAAS Services Company Profile

RESAAS Services Inc engages in the development of web and mobile communications software for the real estate industry. The company offers a suite of tools, which integrate with the platform, including a global referral network, lead generation engine, listing management, client engagement modules, customer relationship management tools, analytics, file sharing, payment system, and advertising engine. Its solutions include RealTimeMLS, a real-time listing solution and communication platform designed for real estate associations and multiple listing services (MLSs); and BrokerOS, an online communication hub that ensures agents open, read, and respond to the emails and messages sent to them by users.