Entertainment One is back in the hunt for acquisition targets after failing to find a outright buyer for the Canadian indie producer and distributor.

“… the company continues to assess acquisition opportunities to accelerate the group’s strategy and expand its content ownership and international reach in film and television,” Toronto-based Entertainment One said in its latest trading update issued to London Stock Exchange investors.

The Canadian company is looking to do deals again after in February reporting that its strategic options do not now include a formal sale of the entire company.

The pre-close trading update also reported a strong fourth quarter to March 31, 2012, with full-year results expected to meet company targets.

“Management remains very positive regarding the future performance of the business, as the group’s content-driven strategy continues to deliver strong results,” Entertainment One said in a statement.

The Canadian company also indicated it is considering moving its UK stock market presence from a standard to a premium listing on the London Stock Exchange.

Results for the current financial year will be announced on May 28, 2011.