Asian Television Network International (CVE:SAT) Shares Up 31.3% – What’s Next?

Shares of Asian Television Network International Limited (CVE:SAT) rose 31.3% during trading on Friday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 47,500 shares changed hands during trading, an increase of 151% from the average daily volume of 18,961 shares. The stock had previously closed at C$0.08.

Asian Television Network International Stock Up 31.3 %

The company has a market cap of C$2.56 million, a P/E ratio of -1.31 and a beta of 1.52. The firm’s 50 day moving average price is C$0.10 and its two-hundred day moving average price is C$0.11. 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.

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.