Global Atomic (TSE:GLO) Trading Up 11.1% – Here’s What Happened

Shares of Global Atomic Co. (TSE:GLO) rose 11.1% during trading on Tuesday . The stock traded as high as C$0.62 and last traded at C$0.60. 1,681,469 shares were traded during mid-day trading, a decline of 18% from the average session volume of 2,038,572 shares. The stock had previously closed at C$0.54.

Global Atomic Stock Performance

The stock has a market cap of C$299.07 million, a PE ratio of -12.20 and a beta of 0.08. The stock’s 50-day moving average is C$0.64 and its two-hundred day moving average is C$0.74.

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

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.