Global Atomic (TSE:GLO) Downgraded to “Strong Sell” Rating by Cormark

Global Atomic (TSE:GLO) was downgraded by equities research analysts at Cormark from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Separately, Canaccord Genuity Group dropped their price target on Global Atomic from C$3.00 to C$2.75 and set a “speculative buy” rating for the company in a report on Tuesday, September 24th.

Global Atomic Trading Up 1.3 %

Global Atomic stock opened at C$0.77 on Wednesday. The company has a market cap of C$174.70 million, a PE ratio of -30.00 and a beta of 1.37. The company’s 50-day moving average is C$1.05 and its two-hundred day moving average is C$1.38. Global Atomic has a 1 year low of C$0.75 and a 1 year high of C$3.91.

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.