Global Atomic (TSE:GLO) Sets New 52-Week Low – Should You Sell?

Global Atomic Co. (TSE:GLO – Get Free Report)’s share price hit a new 52-week low on Tuesday. The stock traded as low as C$0.34 and last traded at C$0.34, with a volume of 1,227,746 shares trading hands. The stock had previously closed at C$0.36.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group set a C$0.60 price objective on shares of Global Atomic and gave the company a “hold” rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$0.60.

Check Out Our Latest Report on GLO

Global Atomic Price Performance

The stock has a market cap of C$208.45 million, a price-to-earnings ratio of 17.25 and a beta of 1.22. The business’s 50 day moving average is C$0.52 and its 200 day moving average is C$0.64.

Global Atomic (TSE:GLO – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.01 earnings per share for the quarter. The company 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%.

Global Atomic Company Profile

(Get Free Report)

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.

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