Global Atomic (TSE:GLO) Stock Falls 15.1% – Should You Sell?

Global Atomic Co. (TSE:GLO)’s share price fell 15.1% on Wednesday. The company traded as low as C$0.43 and last traded at C$0.45. 6,410,844 shares changed hands during mid-day trading, an increase of 208% from the average daily volume of 2,082,791 shares. The stock had previously closed at C$0.53.

Wall Street Analyst Weigh In

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

Global Atomic Trading Down 2.2%

The company’s 50-day moving average is C$0.57 and its 200 day moving average is C$0.68. The stock has a market capitalization of C$213.27 million, a PE ratio of 21.75 and a beta of 0.05.

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

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.