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Monday, December 12, 2011

Potential Takeover Candidate? (TSE: PMG.TO)

Shares of PMG traded higher by 4.50% or $0.71/share to $16.50. Petrominerales Ltd. is trading at a price to book ratio of 1.63. The price to sales ratio came in at 1.33. On average, 785222 shares of PMG.TO exchange hands on a given day and today's volume is recorded at 355178. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.