Global Atomic (TSE:GLO) Trading Up 10.6% – Time to Buy?

Shares of Global Atomic Co. (TSE:GLO) rose 10.6% on Wednesday . The company traded as high as C$0.52 and last traded at C$0.52. Approximately 649,760 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,834,156 shares. The stock had previously closed at C$0.47.

Analysts Set New Price Targets

Separately, Cormark downgraded Global Atomic from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th.

Global Atomic Price Performance

The firm has a market capitalization of C$175.50 million, a P/E ratio of -17.28 and a beta of 1.37. The stock has a fifty day simple moving average of C$0.77 and a two-hundred day simple moving average of C$1.06.

Global Atomic (TSE:GLO) last issued its earnings results on Tuesday, November 12th. The company reported C($0.02) earnings per share for the quarter. Global Atomic had a negative return on equity of 4.19% and a negative net margin of 955.83%.

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.