Corus Entertainment (TSE:CJR.B) Stock Price Up 16.7% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B) shares rose 16.7% on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 136,345 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 239,072 shares. The stock had previously closed at C$0.03.

Corus Entertainment Price Performance

The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The company has a market capitalization of C$5.98 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.53. The company has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.06.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings results on Wednesday, January 14th. The company reported C($0.01) 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$267.57 million for the quarter. As a group, research analysts predict that Corus Entertainment Inc. will post 0.0540541 EPS 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.