Global Atomic (TSE:GLO) Reaches New 1-Year Low – What’s Next?

Global Atomic Co. (TSE:GLO) reached a new 52-week low during trading 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 trading hands. The stock had previously closed at C$0.34.

Wall Street Analyst Weigh In

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

Global Atomic Stock Down 2.9%

The firm has a market capitalization of C$199.39 million, a price-to-earnings ratio of 16.50 and a beta of 1.22. The stock has a 50 day moving average of C$0.49 and a 200 day moving average of C$0.62.

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

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.