ZoomerMedia Ltd (CVE:ZUM) shares dropped 13.3% during mid-day trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 304,643 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 1,042,891 shares. The stock had previously closed at C$0.08.
The firm has a market capitalization of $39.08 million and a PE ratio of 25.00.
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ZoomerMedia Limited operates as a multimedia company in Canada. The company operates through five segments: Television, Radio, Print, Royalty, and Other. It is involved in the business of television, radio, magazine, Internet, conferences, and trade shows primarily for the 45 plus age group. The company's television properties include Vision TV, a multi-faith specialty television service; ONE: Get Fit, which offers programs on exercise, meditation, yoga, natural health, and living a planet-friendly lifestyle; JoyTV that provides comedy and drama, and inspirational multi-faith programming for spiritual and cultural audience; and Faith TV, a channel for broadcasting Christian and local programming.
Further Reading: How is diluted EPS different from basic EPS?
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