Corus Entertainment (TSE:CJR.B) Shares Up 16.7% – Here’s What Happened

Shares of Corus Entertainment Inc. (TSE:CJR.B) were up 16.7% during trading on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 540,247 shares were traded during trading, an increase of 200% from the average daily volume of 179,810 shares. The stock had previously closed at C$0.03.

Corus Entertainment Trading Up 16.7%

The company has a market cap of C$6.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.63. The business’s 50-day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B) last announced its earnings results on Friday, April 10th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$230.18 million during the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. As a group, analysts expect 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.