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

Shares of Global Atomic Co. (TSE:GLO – Get Free Report) reached a new 52-week low during trading on Wednesday. The company traded as low as C$0.38 and last traded at C$0.38, with a volume of 3249616 shares traded. The stock had previously closed at C$0.41.

Analyst Upgrades and Downgrades

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 report on Thursday, September 3rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Global Atomic currently has an average rating of “Hold” and a consensus price target of C$0.60.

Read Our Latest Stock Report on GLO

Global Atomic Price Performance

The company has a fifty day moving average price of C$0.54 and a two-hundred day moving average price of C$0.65. The firm has a market cap of C$183.86 million, a price-to-earnings ratio of 18.75 and a beta of 1.22.

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

Global Atomic Company Profile

(Get Free Report)

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.

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