Global Atomic Co. (TSE:GLO – Get Free Report) shares fell 15.1% during trading on Wednesday . The company traded as low as C$0.43 and last traded at C$0.45. 6,410,844 shares changed hands during trading, an increase of 208% from the average daily volume of 2,082,791 shares. The stock had previously closed at C$0.53.
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 research note on Thursday, September 3rd. One 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.
Read Our Latest Stock Analysis on GLO
Global Atomic Stock Down 15.1%
Global Atomic (TSE:GLO – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported C$0.01 earnings per share for the quarter. Global Atomic had a return on equity of 2.10% and a net margin of 759.08%.The business had revenue of C$0.14 million during the quarter.
Global Atomic Company Profile
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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