Corus Entertainment (TSE:CJR.B) Trading Down 14.3% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B) shares traded down 14.3% during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. 328,740 shares were traded during mid-day trading, an increase of 83% from the average session volume of 179,758 shares. The stock had previously closed at C$0.04.

Corus Entertainment Price Performance

The stock has a fifty day moving average of C$0.03 and a two-hundred day moving average of C$0.03. The stock has a market cap of C$5.98 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.63. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings data on Friday, April 10th. The company reported C($0.04) earnings per share 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. On average, equities research analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current 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.