Global Atomic (TSE:GLO) Reaches New 52-Week Low – Here’s What Happened

Global Atomic Co. (TSE:GLO) shares reached a new 52-week low on Thursday. The company traded as low as C$0.32 and last traded at C$0.33, with a volume of 631,628 shares changing hands. The stock had previously closed at C$0.34.

Analysts Set New Price Targets

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.com, the stock has an average rating of “Hold” and a consensus price target of C$0.60.

Global Atomic Stock Performance

The firm has a market cap of C$199.39 million, a P/E ratio of 16.50 and a beta of 1.22. The firm’s fifty day moving average is C$0.47 and its 200 day moving average is C$0.61.

Global Atomic (TSE:GLO) last released its quarterly earnings results on Thursday, August 13th. The company reported C$0.01 earnings per share for the quarter. The firm 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%.

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.