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Thursday, May 17, 2012

Great Stock Value (TSE: HBM.TO)

Shares of HBM traded higher by 1.60% or $0.13/share to $8.27. TSE is trading at a price to book ratio of 0.78. This indicates that the value of the company's underlying assets exceeds today's market price. The price to sales ratio came in at 1.55. On average, 682410 shares of HBM.TO exchange hands on a given day and today's volume is recorded at 177936. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.