Corus Entertainment (TSE:CJR.B) Trading Up 14.3% – Should You Buy?

Corus Entertainment Inc. (TSE:CJR.B)’s share price rose 14.3% during mid-day trading on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 371,002 shares were traded 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 Trading Up 14.3%

The firm has a market cap of C$7.98 million, a P/E ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.41. The stock has a fifty day simple moving average of C$0.04 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 issued its quarterly earnings data on Friday, June 26th. The company reported C($0.15) earnings per share for the quarter. The company had revenue of C$249.36 million for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. On average, research analysts expect 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.