Corus Entertainment (TSE:CJR.B) Stock Price Up 16.7% – Here’s Why

Shares of Corus Entertainment Inc. (TSE:CJR.B) rose 16.7% during mid-day trading on Monday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 136,345 shares were traded during trading, a decline of 43% from the average daily volume of 239,072 shares. The stock had previously closed at C$0.03.

Corus Entertainment Price Performance

The firm has a market capitalization of C$5.98 million, a PE ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.53. The stock has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.06. 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 Wednesday, January 14th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$267.57 million during the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. Equities analysts forecast 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.