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Tuesday, August 9, 2011
Potentially Oversold Level Reached (TSE: PBG.TO)
Shares of PBG traded higher by 0.93% or $0.1/share to $10.80. Petrobank Energy And Resources Ltd. is trading at a price to book ratio of 0.49. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.26 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.31. On average, 494995 shares of PBG.TO exchange hands on a given day and today's volume is recorded at 407219. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.