Corus Entertainment (OTCMKTS:CJREF) Shares Cross Above 200 Day Moving Average – Time to Sell?

Corus Entertainment Inc. (OTCMKTS:CJREF)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.02 and traded as high as $0.0273. Corus Entertainment shares last traded at $0.0273, with a volume of 2,300 shares.

Corus Entertainment Price Performance

The business’s 50 day simple moving average is $0.02 and its 200 day simple moving average is $0.02. The stock has a market cap of $5.35 million, a P/E ratio of -0.02 and a beta of 1.19.

Corus Entertainment (OTCMKTS:CJREF) last released its quarterly earnings data on Friday, June 26th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $181.55 million during the quarter.

Corus Entertainment Company Profile

Corus Entertainment is a Canadian media and broadcasting company that develops, produces and distributes a broad range of content across multiple platforms. The company’s operations include a portfolio of television networks, radio stations and digital media assets that serve audiences nationwide. Its television offerings span conventional networks such as the Global Television Network as well as a suite of specialty channels covering news, lifestyle, kids and entertainment genres.

In radio, Corus Entertainment owns and operates markets in major urban and regional centres, featuring formats that range from pop and rock to talk and country.