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

Asian Television Network International Limited (CVE:SAT) shares dropped 38.5% on Saturday . The stock traded as low as C$0.02 and last traded at C$0.04. Approximately 204,000 shares changed 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 Price Performance

The company has a market capitalization of C$976,120.00, a price-to-earnings ratio of -0.36 and a beta of 1.53. The company has a fifty day simple moving average of C$0.07 and a two-hundred day simple 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.

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.