Global Atomic (TSE:GLO) Sets New 12-Month Low – What’s Next?

Global Atomic Co. (TSE:GLO) hit a new 52-week low on Tuesday. The company traded as low as C$0.34 and last traded at C$0.34, with a volume of 1,227,746 shares changing hands. The stock had previously closed at C$0.36.

Analysts Set New Price Targets

Separately, Jefferies Financial Group set a C$0.60 target price on Global Atomic and gave the company a “hold” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Global Atomic currently has an average rating of “Hold” and a consensus target price of C$0.60.

Global Atomic Stock Down 5.5%

The business has a 50-day moving average price of C$0.52 and a 200-day moving average price of C$0.64. The firm has a market capitalization of C$208.45 million, a price-to-earnings ratio of 17.25 and a beta of 1.22.

Global Atomic (TSE:GLO) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.01 earnings per share for the quarter. Global Atomic had a return on equity of 2.10% and a net margin of 759.08%. The firm had revenue of C$0.14 million during the quarter.

About Global Atomic

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.