Global Atomic (TSE:GLO) Stock Price Down 10.6% – What’s Next?

Global Atomic Co. (TSE:GLO) shares were down 10.6% during mid-day trading on Thursday . The company traded as low as C$0.62 and last traded at C$0.64. 8,188,027 shares changed hands during mid-day trading, an increase of 312% from the average daily volume of 1,988,018 shares. The stock had previously closed at C$0.71.

Analyst Upgrades and Downgrades

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

Global Atomic Stock Down 14.1%

The company’s fifty day moving average price is C$0.57 and its 200-day moving average price is C$0.69. The stock has a market capitalization of C$299.07 million, a PE ratio of 30.50 and a beta of 0.05.

Global Atomic (TSE:GLO) last posted its quarterly earnings results 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 company had revenue of C$0.14 million for 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.