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

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

Corus Entertainment Trading Down 7.1%

The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 254.56. The stock has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.03. The company has a market cap of C$6.48 million, a price-to-earnings ratio of -0.02, a PEG 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.