RESAAS Services (CVE:RSS) Stock Price Up 11.1% – Should You Buy?

RESAAS Services Inc. (CVE:RSS) shares shot up 11.1% during trading on Friday . The company traded as high as C$0.50 and last traded at C$0.50. 72,115 shares were traded during trading, an increase of 151% from the average session volume of 28,765 shares. The stock had previously closed at C$0.45.

RESAAS Services Trading Up 5.6%

The firm has a market capitalization of C$39.92 million, a P/E ratio of -25.87 and a beta of -1.34. The business’s 50 day moving average is C$0.40 and its two-hundred day moving average is C$0.44. The company has a quick ratio of 0.74, a current ratio of 3.22 and a debt-to-equity ratio of 5.62.

About RESAAS Services

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.