Shares of Global Atomic Co. (TSE:GLO – Get Free Report) dropped 17.9% on Tuesday . The company traded as low as C$0.73 and last traded at C$0.78. Approximately 5,420,847 shares traded hands during mid-day trading, an increase of 58% from the average daily volume of 3,423,547 shares. The stock had previously closed at C$0.95.
Global Atomic Stock Down 18.9%
The stock’s 50 day moving average is C$0.62 and its 200-day moving average is C$0.63. The company has a market cap of C$314.01 million, a PE ratio of -10.20 and a beta of 0.03.
About Global Atomic
Global Atomic Corp is a Canadian-based company that operates along with its subsidiaries. Its business activities include processing of electric arc furnace dust (EAFD) obtained from steel companies in Turkey, through a Waelz kiln process to recover zinc concentrates that are then treated by zinc smelters; and acquisition, exploration, and development of uranium properties in Niger. The majority of its revenue comes from its EAFD business.
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