Corus Entertainment (TSE:CJR.B) Trading 16.7% Higher – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B)’s stock price traded up 16.7% during trading on Monday . The company traded as high as C$0.04 and last traded at C$0.04. 710,412 shares changed hands during trading, an increase of 279% from the average session volume of 187,683 shares. The stock had previously closed at C$0.03.

Corus Entertainment Stock Performance

The firm has a market capitalization of C$6.98 million, a P/E ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.58. The business’s 50-day moving average is C$0.03 and its 200 day moving average is C$0.04. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings results on Friday, April 10th. The company reported C($0.04) EPS for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The business had revenue of C$230.18 million for the quarter. As a group, analysts anticipate that Corus Entertainment Inc. will post 0.0540541 EPS for the current fiscal year.

Corus Entertainment Company Profile

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets. The company generates the vast majority of its revenue in Canada.