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Tuesday, May 1, 2012

Potential Takeover Candidate? (TSE: HBM.TO)

Shares of HBM traded higher by 1.25% or $0.13/share to $10.53. TSE is trading at a price to book ratio of 0.99. This indicates that the value of the company's underlying assets exceeds today's market price. The price to sales ratio came in at 2.01. On average, 636506 shares of HBM.TO exchange hands on a given day and today's volume is recorded at 390135. 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.