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

Asian Television Network International Limited (CVE:SAT)’s stock price dropped 38.5% during trading on Friday . 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 933% from the average daily volume of 19,743 shares. The stock had previously closed at C$0.07.

Asian Television Network International Stock Down 38.5%

The company has a quick ratio of 0.63, a current ratio of 0.59 and a debt-to-equity ratio of 10,844.68. The stock has a market cap of C$976,120.00, a P/E ratio of -0.36 and a beta of 1.53. The company’s 50 day moving average price is C$0.07 and its two-hundred day moving average price is 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.