Shares of Global Atomic Co. (TSE:GLO - Get Free Report) were up 10.6% during trading on Wednesday . The stock traded as high as C$0.52 and last traded at C$0.52. Approximately 649,760 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,834,156 shares. The stock had previously closed at C$0.47.
Analyst Upgrades and Downgrades
Separately, Cormark cut shares of Global Atomic from a "hold" rating to a "strong sell" rating in a research note on Wednesday, December 18th.
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Global Atomic Price Performance
The firm's fifty day moving average price is C$0.75 and its 200-day moving average price is C$1.05. The firm has a market capitalization of C$165.93 million, a P/E ratio of -16.34 and a beta of 1.37.
Global Atomic Company Profile
(
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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.
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