Global Atomic (TSE:GLO) Reaches New 52-Week Low – Here’s Why

Global Atomic Co. (TSE:GLO)’s stock price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as C$0.28 and last traded at C$0.29, with a volume of 1,890,548 shares changing hands. The stock had previously closed at C$0.31.

Wall Street Analysts Forecast Growth

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

Global Atomic Price Performance

The firm has a fifty day moving average price of C$0.44 and a 200 day moving average price of C$0.65. The company has a market cap of C$187.31 million, a P/E ratio of 15.50 and a beta of 1.22.

Global Atomic (TSE:GLO) last announced its 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 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.