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

Corus Entertainment Inc. (TSE:CJR.B)’s stock price was up 14.3% on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. 371,002 shares traded hands during mid-day trading, an increase of 113% from the average daily volume of 174,122 shares. The stock had previously closed at C$0.04.

Corus Entertainment Stock Performance

The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.69 and a current ratio of 0.69. The firm’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.03. The firm has a market capitalization of C$7.98 million, a price-to-earnings ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.41.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings data on Friday, June 26th. The company reported C($0.15) 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$249.36 million during the quarter. Sell-side analysts forecast that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

About Corus Entertainment

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.