Corus Entertainment (TSE:CJR.B) Shares Up 16.7% – Here’s What Happened

Shares of Corus Entertainment Inc. (TSE:CJR.B) shot up 16.7% during mid-day trading on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. 540,247 shares traded hands during 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 Trading Up 16.7%

The firm has a market cap of C$6.98 million, a P/E ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.63. The business’s 50-day moving average is C$0.03 and its two-hundred day moving average is C$0.03. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70.

Corus Entertainment (TSE:CJR.B) last posted its earnings results on Friday, April 10th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$230.18 million for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. As a group, analysts predict that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal 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.