Global Atomic (TSE:GLO) Sets New 52-Week Low – Here’s Why

Shares of Global Atomic Co. (TSE:GLO) reached a new 52-week low during 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.

Wall Street Analysts Forecast Growth

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

Global Atomic Stock Performance

The company’s 50-day moving average price is C$0.46 and its two-hundred day moving average price is C$0.66. The stock has a market cap of C$193.35 million, a PE ratio of 16.00 and a beta of 1.22.

Global Atomic (TSE:GLO) last announced its earnings results on Thursday, August 13th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$0.14 million during 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.