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

Thursday, May 9, 2013

Potential Takeover Candidate? (TSE: MRE.TO)

Shares of MRE fell by 1.09% or $-0.1/share to $9.10. TSE is trading at a price to book ratio of 1.51. The PEG is 0.25 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.26. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 217900 shares of MRE.TO exchange hands on a given day and today's volume is recorded at 184785. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.