Snipp Interactive Resumes Trading on TSX Venture Exchange

Snipp Interactive ( (TSE:SPN) ) has shared an update.

Snipp Interactive Inc. announced the revocation of a cease trade order by the British Columbia Securities Commission, allowing its shares to resume trading on the TSX Venture Exchange. This development marks a significant step for Snipp, potentially enhancing its market position and reassuring stakeholders about its operational stability.

Spark’s Take on TSE:SPN Stock

According to Spark, TipRanks’ AI Analyst, TSE:SPN is a Neutral.

Snipp Interactive’s overall stock score reflects significant challenges in financial performance due to declining revenue and profitability issues. While the earnings call provided some optimism with record EBITDA and improved margins, technical indicators and valuation metrics remain weak. The stock’s attractiveness is limited by ongoing net losses and a lack of dividend yield, suggesting cautious investor sentiment.

To see Spark’s full report on TSE:SPN stock, click here.

More about Snipp Interactive

Snipp Interactive Inc. is a leading Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector. It offers a proprietary SnippCARE platform that enables Fortune 500 clients and agencies to run various promotional programs while capturing valuable data. The company is known for its SnippCHECK receipt processing module, SnippLOYALTY modular loyalty engine, SnippREWARDS catalogue, and SnippWIN gaming module. Headquartered in Vancouver, Canada, Snipp has a presence in the US, Canada, Ireland, Europe, and India, and is publicly listed on the TSX Venture Exchange and OTC Pink marketplace.

Average Trading Volume: 166,380

Technical Sentiment Signal: Sell

Current Market Cap: C$20.03M

For an in-depth examination of SPN stock, go to TipRanks’ Stock Analysis page.