Global Atomic (TSE:GLO) Stock Price Down 3.6% – Should You Sell?

Shares of Global Atomic Co. (TSE:GLO) traded down 3.6% during trading on Thursday . The company traded as low as C$0.54 and last traded at C$0.54. 657,174 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 1,410,306 shares. The stock had previously closed at C$0.56.

Wall Street Analyst Weigh In

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

Global Atomic Stock Performance

The firm has a market capitalization of C$185.07 million, a P/E ratio of -18.22 and a beta of 1.37. The business has a 50 day simple moving average of C$0.57 and a two-hundred day simple moving average of C$0.90.

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.