Corus Entertainment (OTCMKTS:CJREF) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Corus Entertainment Inc. (OTCMKTS:CJREFGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.05 and traded as low as $0.0251. Corus Entertainment shares last traded at $0.0251, with a volume of 17,000 shares trading hands.

Corus Entertainment Stock Performance

The firm has a market capitalization of $4.92 million, a price-to-earnings ratio of -0.02 and a beta of 1.29. The company’s 50 day moving average is $0.03 and its 200-day moving average is $0.05.

Corus Entertainment (OTCMKTS:CJREFGet Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.26) earnings per share for the quarter.

About Corus Entertainment

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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.

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