Global Atomic (TSE:GLO) Trading Down 3.6% - Time to Sell?

Global Atomic Co. (TSE:GLO - Get Free Report)'s share price was down 3.6% during trading on Thursday . The company traded as low as C$0.54 and last traded at C$0.54. Approximately 657,174 shares traded hands during trading, a decline of 53% from the average daily volume of 1,410,306 shares. The stock had previously closed at C$0.56.

Wall Street Analysts Forecast Growth

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

Global Atomic Stock Performance

The firm has a fifty day simple moving average of C$0.56 and a 200-day simple moving average of C$0.89. The firm has a market cap of C$232.94 million, a price-to-earnings ratio of -22.93 and a beta of 1.37.

Global Atomic Company Profile

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.