Corus Entertainment (TSE:CJR.B) Shares Up 14.3% – Still a Buy?

Corus Entertainment Inc. (TSE:CJR.B)’s stock price shot up 14.3% during mid-day trading on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 211,432 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 182,247 shares. The stock had previously closed at C$0.04.

Corus Entertainment Price Performance

The business has a fifty day moving average price of C$0.03 and a 200 day moving average price of C$0.03. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of C$7.98 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.49.

Corus Entertainment (TSE:CJR.B) last posted its quarterly earnings data on Friday, June 26th. The company reported C($0.15) earnings per share for the quarter. The company had revenue of C$249.36 million during the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. On average, research analysts expect that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

Corus Entertainment Company Profile

Corus Entertainment Inc (TSX: CJR.B) is a leading media and content company that develops, delivers, and distributes high quality brands and content across platforms for audiences around the world. Engaging audiences since 1999, the company’s portfolio of multimedia offerings encompasses 25 specialty television services, 36 radio stations, 15 conventional television stations, digital and streaming platforms and social digital agency and media services. Corus’ roster of premium brands includes Global Television, W Network, Flavour Network, Home Network, The HISTORY® Channel, Showcase, Slice, Adult Swim, National Geographic and Global News, along with streaming platforms STACKTV, TELETOON+, Vivéo, the Global TV App, and Curiouscast.