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Monday, April 1, 2013

Undervalued Stock Detected (TSE: RON.TO)

Shares of RON fell by 0.81% or $-0.09/share to $11.09. TSE is trading at a price to book ratio of 0.81. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.58. The price to sales ratio came in at 0.28. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 249150 shares of RON.TO exchange hands on a given day and today's volume is recorded at 105445. 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.