Global Atomic (TSE:GLO) Hits New 1-Year Low – Here’s What Happened

Global Atomic Co. (TSE:GLO)’s share price reached a new 52-week low during mid-day trading on Friday. The company traded as low as C$0.32 and last traded at C$0.32, with a volume of 1,724,295 shares trading hands. The stock had previously closed at C$0.35.

Analyst Ratings Changes

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

Global Atomic Stock Down 8.6%

The company has a market cap of C$193.35 million, a PE ratio of 16.00 and a beta of 1.22. The company has a 50-day moving average of C$0.46 and a 200-day moving average of C$0.66.

Global Atomic (TSE:GLO) last announced its earnings results on Thursday, August 13th. The company reported C$0.01 earnings per share 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 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.