Global Atomic (TSE:GLO) Stock Price Down 10.6% – Time to Sell?

Global Atomic Co. (TSE:GLO)’s share price dropped 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 were traded 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.

Wall Street Analysts Forecast Growth

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

Global Atomic Stock Performance

The company has a market cap of C$303.97 million, a P/E ratio of 31.00 and a beta of 0.05. The company has a fifty day moving average price of C$0.57 and a two-hundred day moving average price of C$0.69.

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