Asian Television Network International (CVE:SAT) Stock Price Down 38.5% – Time to Sell?

Asian Television Network International Limited (CVE:SAT)’s share price dropped 38.5% during mid-day trading on Saturday . The stock traded as low as C$0.02 and last traded at C$0.04. Approximately 204,000 shares traded hands during mid-day 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 Stock Performance

The company has a market cap of C$976,120.00, a price-to-earnings ratio of -0.36 and a beta of 1.53. The company has a debt-to-equity ratio of 10,844.68, a current ratio of 0.59 and a quick ratio of 0.63. The stock 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.