Corus Entertainment (TSE:CJR.B) Shares Up 16.7% – Should You Buy?

Shares of Corus Entertainment Inc. (TSE:CJR.B) shot up 16.7% on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. 540,247 shares changed hands during mid-day trading, an increase of 200% from the average session volume of 179,810 shares. The stock had previously closed at C$0.03.

Corus Entertainment Stock Performance

The company has a 50-day moving average price of C$0.03 and a two-hundred day moving average price of C$0.03. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The stock has a market capitalization of C$5.98 million, a P/E ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.63.

Corus Entertainment (TSE:CJR.B) last posted its quarterly earnings data on Friday, April 10th. The company reported C($0.04) 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$230.18 million during the quarter. On average, equities analysts forecast that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current 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.