Market Depth - Friday Close

A quick peek at market depth from Friday's close demonstrates that there is serious buying pressure and little selling pressure on the stock.

We've seen this many times before, but if the 30-year U.S. treasury bond price continues to advance and interest rates continue to decline, then selling pressure will resume.

The company is trading below its asset value on trailing earnings of one break-even and two profitable quarters with a P/E of 11. This makes no real sense.

End of fiscal 2012 was April 30.

TMX