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

Shares of Corus Entertainment Inc. (TSE:CJR.B) shot up 14.3% on Friday . The company traded as high as C$0.04 and last traded at C$0.04. 124,888 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 183,570 shares. The stock had previously closed at C$0.04.

Corus Entertainment Price Performance

The stock has a market capitalization of C$7.98 million, a P/E ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.49. The business has a fifty day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.69 and a current ratio of 0.69.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings data on Friday, June 26th. The company reported C($0.15) EPS for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The company had revenue of C$249.36 million for the quarter. Sell-side analysts expect that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

About Corus Entertainment

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.