Asian Television Network International (CVE:SAT) Shares Down 38.5% – Here’s Why

Shares of Asian Television Network International Limited (CVE:SAT) dropped 38.5% during mid-day trading on Saturday . The company traded as low as C$0.02 and last traded at C$0.04. Approximately 204,000 shares changed hands during trading, an increase of 903% from the average daily volume of 20,335 shares. The stock had previously closed at C$0.07.

Asian Television Network International Price Performance

The firm has a market capitalization of C$976,120.00, a P/E ratio of -0.36 and a beta of 1.53. The company has a current ratio of 0.59, a quick ratio of 0.63 and a debt-to-equity ratio of 10,844.68. The firm has a 50 day moving average price of C$0.07 and a 200-day moving average price of C$0.09.

About Asian Television Network International

Asian Television Network International Limited engages in the specialty, pay television broadcasting, and advertising primarily for the south Asian community in Canada. It operates premium pay specialty television channels in 9 languages. The company provides its flagship ATN-HD general interest service; and various Bollywood movie channels with approximately 100 movies a month, as well as various channels that include sports, news, music, lifestyle, spiritual, and regional language channels.