Global Atomic (TSE:GLO) Trading Up 40.8% – Here’s What Happened

Global Atomic Co. (TSE:GLO)’s stock price was up 40.8% on Wednesday . The stock traded as high as C$0.70 and last traded at C$0.69. 6,382,147 shares were traded during mid-day trading, an increase of 235% from the average daily volume of 1,905,372 shares. The stock had previously closed at C$0.49.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group set a C$0.60 price target on shares of Global Atomic and gave the company a “hold” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Global Atomic presently has an average rating of “Hold” and a consensus target price of C$0.60.

Global Atomic Price Performance

The company has a market capitalization of C$294.17 million, a P/E ratio of 30.00 and a beta of 0.05. The stock has a 50-day moving average price of C$0.57 and a 200-day moving average price of C$0.69.

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. The company had revenue of C$0.14 million for 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.