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

Corus Entertainment Inc. (TSE:CJR.B)’s share price shot up 14.3% during trading on Friday . The stock traded as high as C$0.04 and last traded at C$0.04. 347,781 shares traded hands during 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 Stock Up 14.3%

The company’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.03. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 254.56. The firm has a market cap of C$7.98 million, a P/E 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 net margin of 51.98% and a negative return on equity of 1,490.58%. The company had revenue of C$249.36 million for the quarter. Research analysts forecast 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.