Global Atomic (TSE:GLO) Trading Down 2.7% – Here’s What Happened

Global Atomic Co. (TSE:GLO)’s share price traded down 2.7% on Wednesday . The stock traded as low as C$0.71 and last traded at C$0.72. 741,699 shares were traded during mid-day trading, a decline of 69% from the average session volume of 2,360,315 shares. The stock had previously closed at C$0.74.

Global Atomic Stock Up 1.4%

The company has a market cap of C$362.81 million, a price-to-earnings ratio of -14.80 and a beta of 0.06. The company has a fifty day simple moving average of C$0.78 and a two-hundred day simple moving average of C$0.74.

Global Atomic (TSE:GLO) last posted its earnings results on Wednesday, May 13th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$0.29 million for the quarter. Global Atomic had a negative return on equity of 4.29% and a negative net margin of 1,289.81%.

Global Atomic Company Profile

Global Atomic Corporation ( www.globalatomiccorp.com ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production. The Company’s Uranium Division is developing the fully permitted, large, high-grade Dasa Deposit, discovered in 2010 by Global Atomic geologists through grassroots field exploration. The Deposit is in the uranium-rich Tim Mersoï Basin in the Agadez Region of the Republic of Niger. The Dasa Project is operated by SOMIDA, a Niger-based company which is owned 80% by Global Atomic and 20% by the Niger Government.