Corus Entertainment (TSE:CJR.B) Trading Down 12.5% – Here’s What Happened

Shares of Corus Entertainment Inc. (TSE:CJR.B) were down 12.5% during trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 116,097 shares were traded during trading, a decline of 35% from the average session volume of 177,667 shares. The stock had previously closed at C$0.04.

Corus Entertainment Trading Down 12.5%

The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The company has a market capitalization of C$6.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.47. The firm’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.03.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings results on Friday, June 26th. The company reported C($0.15) EPS for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The company had revenue of C$249.36 million for the quarter. As a group, equities research analysts anticipate that Corus Entertainment Inc. will post 0.0540541 EPS for the current 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.