Corus Entertainment (OTCMKTS:CJREF) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Corus Entertainment Inc. (OTCMKTS:CJREF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.06 and traded as low as $0.0245. Corus Entertainment shares last traded at $0.0245, with a volume of 1,301 shares traded.

Corus Entertainment Stock Down 9.6%

The firm has a 50-day moving average price of $0.03 and a two-hundred day moving average price of $0.06. The company has a market capitalization of $4.80 million, a P/E ratio of -0.02 and a beta of 1.29.

Corus Entertainment (OTCMKTS:CJREF) last released its earnings results on Thursday, October 30th. The company reported ($0.26) EPS for 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.