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Tuesday, January 22, 2013

Great Stock Value (TSE: MRE.TO)

Shares of MRE traded higher by 0.93% or $0.08/share to $8.66. TSE is trading at a price to book ratio of 1.49. 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, 303843 shares of MRE.TO exchange hands on a given day and today's volume is recorded at 741164. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.