Global Atomic (TSE:GLO) Trading 40.8% Higher – What’s Next?

Global Atomic Co. (TSE:GLO) shares traded up 40.8% during trading on Wednesday . The stock traded as high as C$0.70 and last traded at C$0.69. Approximately 6,382,147 shares traded hands during mid-day trading, an increase of 235% from the average session volume of 1,905,372 shares. The stock had previously closed at C$0.49.

Analyst Upgrades and Downgrades

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

Global Atomic Stock Up 42.9%

The company’s 50-day moving average price is C$0.57 and its 200-day moving average price is C$0.70. The firm has a market cap of C$343.20 million, a price-to-earnings ratio of 35.00 and a beta of 0.05.

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

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.