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Tuesday, January 15, 2013

Potentially Oversold Level Reached (TSE: CGO.TO)

Shares of CGO traded higher by 1.03% or $0.36/share to $35.35. TSE is trading at a price to book ratio of 1.47. The PEG is 0.58 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.42. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 22936 shares of CGO.TO exchange hands on a given day and today's volume is recorded at 45443. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.