Global Atomic (TSE:GLO) Sets New 12-Month Low – Here’s Why

Global Atomic Co. (TSE:GLO) reached a new 52-week low on Thursday. The company traded as low as C$0.41 and last traded at C$0.42, with a volume of 3556004 shares traded. The stock had previously closed at C$0.45.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group set a C$0.60 price target 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, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$0.60.

Global Atomic Stock Down 4.6%

The stock has a 50-day simple moving average of C$0.56 and a 200 day simple moving average of C$0.68. The company has a market cap of C$203.47 million, a PE ratio of 20.75 and a beta of 0.05.

Global Atomic (TSE:GLO) last issued its quarterly earnings data 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 firm 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.