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Thursday, December 27, 2012

Potential Takeover Candidate? (TSE: CEE.TO)

Shares of CEE traded higher by 3.39% or $0.02/share to $0.61. TSE is trading at a price to book ratio of 0.67. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.03 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.75. On average, 866198 shares of CEE.TO exchange hands on a given day and today's volume is recorded at 408839. 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.