Snipp (SNP) (TSXV: SPN)(SPN:APH)(SNIPF:US) rose to fame last year and its stock performance over time has indicated the highs it has achieved.
Though from 2017-2018, there was a gradual rise in its performance and it’s stock rose to significant fame in March-April 2018, the stock dipped later on in the year.
Snipp (SNP), which is a marketing firm based in Canada, is still a viable choice of investment for many reasons. Here is why:
Strong Set Of Institutional And Insider Ownership
Snipp, for one, has had a strong sense of institutional and insider ownership. Its institutional ownership stands at 25.21%. The institutional ownership shows that this is enough to cause significant price movements in case there are large institutional transactions.
Sharp price movements, therefore, are not a major concern in Snipp, as active hedge funds have a small stake in the overall share of the company.
Snipp insiders also hold 15.99% stake in the company. Insider buying is a positive sign for the company. Selling, on the other hand, does not indicate a pessimistic outlook.
It’s A Niche That Is Ever Growing
Snipp deals with a niche that is ever growing. The prospects for it are remarkable and something to keep an eye on in particular. Since it is a niche that is ever growing, Snipp is a name that is not going out of business anytime soon and that is a good enough reason for investors to look at it as a meaningful investment.
Their Offices Are Located Globally
Snipp (SNP) is not limited to Toronto, Canada, as it has its presence across many countries including the United States, Canada, Europe, Ireland, and India.
These are big names and it goes on to show that the country is on an ever-growing mission of growth expansion and enhancement. This is another indicator that shows that Snipp means business and with its presence in many countries, it is just exhibiting growth.
Investors Should Celebrate This Fact As It Shows The Strength Of The Company
Snipp is currently listed on the OTC market in US, OTCQB and Toronto Stock Venture Exchange, which goes by the name of TSX in Canada. Additionally, Snipp has celebrated being the recipients of many awards as well, which shows the credits and merits of the company.
Founded in 2007, Snipp has shown phases of growth that have been unmatched by other names in the industry. Furthermore, Snipp has had major names invest in it, including WeedMD and others. This shows that the potential for the company is immense. Otherwise, big names would not have ventured into it.
With annual revenue reported of $11.2 million, Snipp has had remarkable periods of growth and business. Over the years, it has proven to be a viable choice of investment.
Snipp Interactive (SNP) has shown immense growth prospects and is a company which has been in business for decades amongst the fierce competition and has shown signs of growth indicating, shows that it is here to stay. Its stock performance and revenues are another demonstration of why it makes such a viable choice of investment for investors.
