Corus Entertainment (TSE:CJR.B) Trading Down 31.6% – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B) dropped 31.6% during mid-day trading on Tuesday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 5,794,825 shares changed hands during trading, an increase of 2,752% from the average daily volume of 203,194 shares. The stock had previously closed at C$0.10.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada dropped their target price on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$0.15.

Corus Entertainment Trading Down 31.6%

The firm has a market capitalization of C$12.96 million, a price-to-earnings ratio of -0.04, a P/E/G ratio of -0.61 and a beta of 1.80. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69. The business has a fifty day moving average price of C$0.09 and a 200 day moving average price of C$0.10.

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.