Global Atomic (TSE:GLO) Price Target Cut to C$2.75

Global Atomic (TSE:GLO) had its price objective lowered by research analysts at Canaccord Genuity Group from C$3.00 to C$2.75 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 89.66% from the stock’s current price.

Separately, Cormark downgraded Global Atomic from a “market perform” rating to a “reduce” rating and cut their target price for the stock from C$1.50 to C$1.00 in a report on Wednesday, August 14th.

Global Atomic Stock Performance

TSE GLO opened at C$1.45 on Tuesday. Global Atomic has a twelve month low of C$1.13 and a twelve month high of C$3.91. The firm has a market cap of C$328.98 million, a P/E ratio of -30.00 and a beta of 1.37. The firm’s fifty day moving average price is C$1.36.

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

Insider Activity

In other news, Senior Officer Rein Arnold Lehari sold 44,400 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was 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 company 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.