Asian Television Network International (CVE:SAT) Shares Down 69.2% – Here’s Why

by · The Markets Daily

Asian Television Network International Limited (CVE:SAT – Get Free Report)’s share price was down 69.2% during mid-day trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 172,000 shares traded hands during mid-day trading, an increase of 771% from the average daily volume of 19,743 shares. The stock had previously closed at C$0.07.

Asian Television Network International Stock Performance

The firm’s fifty day moving average price is C$0.07 and its 200-day moving average price is C$0.09. The company has a market cap 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.

About Asian Television Network International

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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.

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