Asian Television Network International (CVE:SAT) Shares Down 38.5% – Should You Sell?

Asian Television Network International Limited (CVE:SAT)’s stock price 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 traded 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 Stock Performance

The stock’s 50-day moving average is C$0.07 and its 200-day moving average is C$0.09. 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 stock has a market cap of C$976,120.00, a price-to-earnings 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.