Global Atomic (TSE:GLO) Hits New 12-Month Low – Should You Sell?

Global Atomic Co. (TSE:GLO) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.41 and last traded at C$0.42, with a volume of 3556004 shares traded. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group set a C$0.60 price objective on Global Atomic and gave the stock a “hold” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$0.60.

Global Atomic Price Performance

The company has a market cap of C$210.82 million, a P/E ratio of 21.50 and a beta of 0.05. The stock has a 50-day moving average of C$0.57 and a 200 day moving average of C$0.68.

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