Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, January 16, 2013

Excellent Stock Value (TSE: MRE.TO)

Shares of MRE fell by 0.47% or $-0.04/share to $8.45. TSE is trading at a price to book ratio of 1.47. The PEG is 0.3 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.24. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 283500 shares of MRE.TO exchange hands on a given day and today's volume is recorded at 246720. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.