RESAAS Services (CVE:RSS) Shares Up 10% – Time to Buy?

Shares of RESAAS Services Inc. (CVE:RSS) shot up 10% during trading on Wednesday . The stock traded as high as C$0.47 and last traded at C$0.44. 52,869 shares traded hands during mid-day trading, an increase of 75% from the average session volume of 30,288 shares. The stock had previously closed at C$0.40.

RESAAS Services Stock Performance

The stock has a market cap of C$36.02 million, a P/E ratio of -25.87 and a beta of -1.07. The stock’s 50-day moving average is C$0.44 and its two-hundred day moving average is C$0.40. The company has a debt-to-equity ratio of -85.26, a current ratio of 0.09 and a quick ratio of 0.74.

RESAAS Services Company Profile

RESAAS Services Inc engages in the development of web and mobile communications software for the real estate industry. The company offers a suite of tools, which integrate with the platform, including a global referral network, lead generation engine, listing management, client engagement modules, customer relationship management tools, analytics, file sharing, payment system, and advertising engine. Its solutions include RealTimeMLS, a real-time listing solution and communication platform designed for real estate associations and multiple listing services (MLSs); and BrokerOS, an online communication hub that ensures agents open, read, and respond to the emails and messages sent to them by users.