Corus Entertainment (TSE:CJR.B) Trading 14.3% Higher – Time to Buy?

Corus Entertainment Inc. (TSE:CJR.B) shares rose 14.3% during trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. 347,781 shares changed hands during mid-day trading, an increase of 103% from the average session volume of 171,536 shares. The stock had previously closed at C$0.04.

Corus Entertainment Trading Up 14.3%

The business has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.03. The stock has a market capitalization of C$7.98 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.41. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.69.

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