The cannabis sector has not had a particularly great time in recent times and that was perhaps reflected in the price action in that 4Cable TV International Inc (OTCMKTS:CATV) stock this last week.
There was no news about the company last week but on Friday the stock tanked by 32% and that took the losses for the whole week to as much as 50%. The last time important news with regards to the company had emerged in April this year when the company provided an update with regards to the filing of its annual reports for several years.
4Cable TV International notified that it had filed the annual reports pertaining to the years 2015, 2016, 2017, and 2018. In addition to that, it was also announced that it had filed all other pending disclosures. That was a major development for 4Cable TV International since it indicated the company’s willingness to be as transparent as possible to its shareholders.
At the time, 4Cable TV International noted that it was looking to hire the services of a PCOAB auditing company so that it could become a fully reporting outfit. It will be interesting to see if the stock can make a comeback in the markets today.
Market Reaction:
On Friday, CATV stock slumped 32.20% at $0.0120 with more than 227.45 million shares, compared to its average volume of 17.24 million shares. The stock had moved within a range of $0.0019 – 0.0176after opening the trade at $0.1760. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0480.
 Stock Takes a Hit: What to Do Now?){kind=link}