Global Atomic (TSE:GLO) Shares Down 15.1% – What’s Next?

Global Atomic Co. (TSE:GLO) shares traded down 15.1% during mid-day trading on Wednesday . The stock traded as low as C$0.43 and last traded at C$0.45. Approximately 6,410,844 shares traded hands during 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 Analysts Forecast Growth

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

Global Atomic Trading Down 15.1%

The firm has a 50-day moving average of C$0.57 and a two-hundred day moving average of C$0.69. The firm has a market capitalization of C$220.63 million, a P/E ratio of 22.50 and a beta of 0.05.

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

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.