Corus Entertainment (OTCMKTS:CJREF) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Corus Entertainment Inc. (OTCMKTS:CJREF) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.06 and traded as low as $0.0235. Corus Entertainment shares last traded at $0.0265, with a volume of 45,301 shares changing hands.

Corus Entertainment Trading Down 4.3%

The stock has a market cap of $5.20 million, a PE ratio of -0.02 and a beta of 1.31. The business’s 50-day moving average price is $0.04 and its 200-day moving average price is $0.06.

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

About Corus Entertainment

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.