Corus Entertainment (TSE:CJR.B) Shares Up 16.7% – Time to Buy?

Corus Entertainment Inc. (TSE:CJR.B)’s stock price rose 16.7% during mid-day trading on Wednesday. The company traded as high as C$0.04 and last traded at C$0.04. Approximately 104,096 shares traded hands during trading, a decline of 44% from the average daily volume of 185,346 shares. The stock had previously closed at C$0.03.

Corus Entertainment Price Performance

The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.69 and a current ratio of 0.69. The business has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.03. The firm has a market cap of C$6.98 million, a P/E ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.41.

Corus Entertainment Company Profile

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.