Cormark Upgrades Global Atomic (TSE:GLO) to “Hold”

Global Atomic (TSE:GLO) was upgraded by investment analysts at Cormark from a “strong sell” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

Separately, Canaccord Genuity Group reduced their price target on shares of Global Atomic from C$3.00 to C$2.75 and set a “speculative buy” rating for the company in a research report on Tuesday, September 24th.

Global Atomic Trading Up 0.9 %

Global Atomic stock opened at C$1.16 on Thursday. Global Atomic has a 52-week low of C$1.06 and a 52-week high of C$3.91. The stock’s 50 day moving average price is C$1.31. The company has a market cap of C$263.18 million, a price-to-earnings ratio of -30.00 and a beta of 1.37.

Global Atomic (TSE:GLO) last released its quarterly earnings data on Monday, August 12th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$0.31 million during the quarter. Global Atomic had a negative net margin of 182.98% and a negative return on equity of 1.06%.

Insider Buying and Selling

In related news, Senior Officer Rein Arnold Lehari sold 44,400 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$1.37, for a total value of C$60,828.00. 10.27% of the stock is owned by insiders.

About Global Atomic

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.