Asian Television Network International (CVE:SAT) Trading Up 31.3% – Still a Buy?

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

Asian Television Network International Trading Up 31.3 %

The business’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 market capitalization of C$2.56 million, a price-to-earnings ratio of -1.31 and a beta of 1.52. 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.

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.