Global Atomic (TSE:GLO) Stock Price Down 3.6% – Time to Sell?

Shares of Global Atomic Co. (TSE:GLO) were down 3.6% on Thursday . The stock traded as low as C$0.54 and last traded at C$0.54. Approximately 657,174 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 1,410,306 shares. The stock had previously closed at C$0.56.

Wall Street Analysts Forecast Growth

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

Global Atomic Price Performance

The company has a 50 day moving average of C$0.57 and a 200-day moving average of C$0.90. The company has a market capitalization of C$185.07 million, a P/E ratio of -18.22 and a beta of 1.37.

Global Atomic Company Profile

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.