Corus Entertainment (TSE:CJR.B) Stock Price Up 14.3% – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B)’s stock price traded up 14.3% during mid-day trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 110,128 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 177,602 shares. The stock had previously closed at C$0.04.

Corus Entertainment Stock Performance

The stock has a market capitalization of C$7.98 million, a P/E ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.47. 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 stock’s 50-day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings results on Friday, June 26th. The company reported C($0.15) EPS for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. The company had revenue of C$249.36 million during the quarter. Research analysts expect that Corus Entertainment Inc. will post 0.0540541 EPS 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.