Global Atomic (TSE:GLO) Stock Price Up 10.6% – Time to Buy?

Shares of Global Atomic Co. (TSE:GLO) rose 10.6% during mid-day trading on Wednesday . The company traded as high as C$0.52 and last traded at C$0.52. Approximately 649,760 shares changed hands during trading, a decline of 65% from the average daily volume of 1,834,156 shares. The stock had previously closed at C$0.47.

Wall Street Analyst Weigh In

Separately, Cormark downgraded Global Atomic from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th.

Global Atomic Stock Up 14.9 %

The business has a 50-day moving average price of C$0.78 and a two-hundred day moving average price of C$1.07. The company has a market capitalization of C$122.52 million, a price-to-earnings ratio of -30.00 and a beta of 1.37.

Global Atomic (TSE:GLO) last released its quarterly earnings data on Tuesday, November 12th. The company reported C($0.02) earnings per share for the quarter. Global Atomic had a negative net margin of 182.98% and a negative return on equity of 1.06%.

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.