Snipp Interactive (CVE:SPN) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Snipp Interactive Inc. (CVE:SPN)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.07 and traded as low as C$0.07. Snipp Interactive shares last traded at C$0.08, with a volume of 153,000 shares trading hands.

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$0.07 and a 200 day moving average price of C$0.08. The company has a market capitalization of C$21.46 million, a P/E ratio of -7.50 and a beta of 1.42.

About Snipp Interactive

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.