Global Atomic (TSE:GLO) Trading Down 1.1% – Here’s Why

Global Atomic Co. (TSE:GLOGet Free Report) was down 1.1% during trading on Thursday . The company traded as low as C$0.83 and last traded at C$0.87. Approximately 1,382,175 shares were traded during trading, a decline of 61% from the average daily volume of 3,558,504 shares. The stock had previously closed at C$0.88.

Global Atomic Trading Down 1.1%

The stock has a market capitalization of C$426.46 million, a price-to-earnings ratio of -10.20 and a beta of 0.02. The company has a fifty day moving average of C$0.79 and a two-hundred day moving average of C$0.65.

About Global Atomic

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Global Atomic Corp is a Canadian-based company that operates along with its subsidiaries. Its business activities include processing of electric arc furnace dust (EAFD) obtained from steel companies in Turkey, through a Waelz kiln process to recover zinc concentrates that are then treated by zinc smelters; and acquisition, exploration, and development of uranium properties in Niger. The majority of its revenue comes from its EAFD business.

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