Snipp Interactive (CVE:SPN) Sets New 52-Week Low – What’s Next?

Snipp Interactive Inc. (CVE:SPN)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.04, with a volume of 643000 shares changing hands. The stock had previously closed at C$0.05.

Snipp Interactive Stock Down 11.1%

The stock has a 50 day moving average of C$0.05 and a 200-day moving average of C$0.05. The firm has a market capitalization of C$11.48 million, a P/E ratio of -4.00 and a beta of 1.99. The company has a debt-to-equity ratio of 9.16, a quick ratio of 2.18 and a current ratio of 0.90.

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.