Global Atomic (TSE:GLO) PT Set at C$0.60 by Jefferies Financial Group

Global Atomic (TSE:GLO) received a C$0.60 price target from investment analysts at Jefferies Financial Group in a report released on Thursday, BayStreet reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 13.21% from the company’s previous close.

Global Atomic Price Performance

GLO remained flat at C$0.53 during midday trading on Thursday. The company’s stock had a trading volume of 648,751 shares, compared to its average volume of 1,944,135. The business has a fifty day moving average of C$0.59 and a 200 day moving average of C$0.71. The stock has a market cap of C$259.85 million, a price-to-earnings ratio of 26.50 and a beta of 0.08. Global Atomic has a 12 month low of C$0.44 and a 12 month high of C$1.03.

Global Atomic (TSE:GLO) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$0.14 million during the quarter. Global Atomic had a return on equity of 2.10% and a net margin of 759.08%.

About Global Atomic

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.