Asian Television Network International (CVE:SAT) Shares Down 38.5% – What’s Next?

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

Asian Television Network International Price Performance

The stock has a 50 day moving average of C$0.07 and a 200-day moving average of C$0.09. The company has a debt-to-equity ratio of 10,844.68, a quick ratio of 0.63 and a current ratio of 0.59. The company has a market cap of C$976,120.00, a PE ratio of -0.36 and a beta of 1.53.

Asian Television Network International Company Profile

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.