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Tuesday, October 11, 2011

Great Stock Value (TSE: PBN.TO)

Shares of PBN traded higher by 8.15% or $0.56/share to $7.43. PetroBakken Energy Ltd. is trading at a price to book ratio of 0.37. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.18 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.45. On average, 902936 shares of PBN.TO exchange hands on a given day and today's volume is recorded at 395221. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.