Global Atomic (TSE:GLO) Reaches New 1-Year Low – Time to Sell?

Global Atomic Co. (TSE:GLO)’s share price reached a new 52-week low during trading on Wednesday. The stock traded as low as C$0.38 and last traded at C$0.39, with a volume of 1022147 shares changing hands. The stock had previously closed at C$0.40.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group set a C$0.60 price objective on Global Atomic and gave the company a “hold” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$0.60.

Global Atomic Trading Up 6.5%

The firm has a market cap of C$201.02 million, a P/E ratio of 20.50 and a beta of 0.05. The business’s fifty day simple moving average is C$0.55 and its 200-day simple moving average is C$0.66.

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

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.