Symbid (OTCMKTS:SINC) Stock Price Up 49,900% – Still a Buy?

Symbid Corp. (OTCMKTS:SINC – Get Free Report)’s stock price traded up 49,900% during trading on Friday. The stock traded as high as $1.00 and last traded at $1.00. 10 shares traded hands during trading, a decline of 80% from the average daily volume of 50 shares. The stock had previously closed at $0.0020.

Symbid Price Performance

The company’s fifty day simple moving average is $0.71 and its 200 day simple moving average is $2.53.

Symbid Company Profile

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Symbid is associated with an online equity crowdfunding platform that connected entrepreneurs and small businesses seeking capital with investors interested in private-company opportunities. Through its platform, businesses could present their ventures, funding requirements and investment terms, while participating investors could obtain an ownership interest in qualifying companies.

The business was founded in the Netherlands and historically focused on the European crowdfunding market, with particular activity in the Dutch startup and small-business ecosystem.

Further Reading

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