Global Atomic (TSE:GLO) Stock Price Down 3.6% – Here’s Why

Global Atomic Co. (TSE:GLO) was down 3.6% on Thursday . The company traded as low as C$0.54 and last traded at C$0.54. Approximately 657,174 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 1,410,306 shares. The stock had previously closed at C$0.56.

Analysts Set New Price Targets

Separately, Cormark downgraded Global Atomic from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th.

Global Atomic Price Performance

The company has a market capitalization of C$172.31 million, a price-to-earnings ratio of -16.96 and a beta of 1.37. The business’s 50 day simple moving average is C$0.57 and its 200 day simple moving average is C$0.90.

Global Atomic Company Profile

Global Atomic Corporation engages in the acquisition, exploration, and development of uranium properties in Niger. It also explores for zinc. The company owns 80% interest in the Dasa deposit located in the Republic of Niger. It also processes electric arc furnace dust into zinc concentrates, which is sold to zinc smelters.