Global Atomic (TSE:GLO) Reaches New 1-Year Low – Time to Sell?

Global Atomic Co. (TSE:GLO)’s share price reached a new 52-week low on Tuesday. The company traded as low as C$0.34 and last traded at C$0.34, with a volume of 1,227,746 shares changing hands. The stock had previously closed at C$0.36.

Wall Street Analysts Forecast Growth

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

Global Atomic Stock Performance

The company has a market cap of C$202.41 million, a P/E ratio of 16.75 and a beta of 1.22. The firm has a 50 day moving average price of C$0.51 and a 200-day moving average price of C$0.63.

Global Atomic (TSE:GLO) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.01 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.

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.