InvestingHaven is a publisher on the amazingly fast + secure new Brave Browser! Try this for free, we will receive BAT crypto for publishing our content >>

Breakout Setting Up For Micro Cap Snipp Interactive As Revenue Continues To Explode

Provider of mobile loyalty services and solutions, Snipp Interactive (SPN.V), saw a huge rally last year, followed by a correction that started in June of this year, after the company announced to acquire Hip Digital Media. To that end, the company chose for shareholder dilution, as it paid with 12.8M new shares and cash. Shareholders did not like that idea.

Menatime, SPN.V has been consolidating between $0.40 and $0.52, and, as the chart shows, it could be setting up for a big breakout.

Fundamentally, the company is growing at a pace of 500% per quarter, but is still making  has a lot of $2M annually. There are 105M shares outstanding with a market cap of $50.6M, which is not exactly a balanced ratio.

We are watching the revenue growth in the next quarters: if the company succeeds in growing at the same pace, then the breakout is a matter of time.

InvestingHaven is the first in the world to offer a Blockchain Stock Investing Research Service which features all blockchain stocks with our proprietary score. Get access now >>
A MUST READ for 2018: China’s Stock Market Bullish. 7 High Quality Stock Tips For Long Term Portfolios. Featuring 7 China stocks >>
Follow official Ethereum prices in real-time. Read daily Ethereum price news on  >>
Share This