Corus Entertainment (OTCMKTS:CJREF) Share Price Passes Below 200 Day Moving Average – Here’s Why

Corus Entertainment Inc. (OTCMKTS:CJREF)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.05 and traded as low as $0.0253. Corus Entertainment shares last traded at $0.0253, with a volume of 6,298 shares traded.

Corus Entertainment Stock Performance

The stock’s 50 day moving average price is $0.03 and its 200 day moving average price is $0.05. The company has a market capitalization of $4.96 million, a P/E ratio of -0.02 and a beta of 1.29.

Corus Entertainment (OTCMKTS:CJREF) last announced its earnings results on Thursday, October 30th. The company reported ($0.26) earnings per share for the quarter.

Corus Entertainment Company Profile

Corus Entertainment is a Canadian media and broadcasting company that develops, produces and distributes a broad range of content across multiple platforms. The company’s operations include a portfolio of television networks, radio stations and digital media assets that serve audiences nationwide. Its television offerings span conventional networks such as the Global Television Network as well as a suite of specialty channels covering news, lifestyle, kids and entertainment genres.

In radio, Corus Entertainment owns and operates markets in major urban and regional centres, featuring formats that range from pop and rock to talk and country.