Global Atomic (TSE:GLO) PT Lowered to C$2.75

Global Atomic (TSE:GLO - Get Free Report) had its price objective decreased by equities research analysts at Canaccord Genuity Group from C$3.00 to C$2.75 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has a "speculative buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 89.66% from the company's previous close.

Separately, Cormark cut Global Atomic from a "market perform" rating to a "reduce" rating and decreased their target price for the stock from C$1.50 to C$1.00 in a research report on Wednesday, August 14th.

Global Atomic Price Performance

Shares of GLO stock traded up C$0.02 on Tuesday, hitting C$1.45. The company's stock had a trading volume of 867,082 shares, compared to its average volume of 730,983. The firm has a market cap of C$328.98 million, a PE ratio of -30.00 and a beta of 1.37. Global Atomic has a fifty-two week low of C$1.13 and a fifty-two week high of C$3.91. The firm's fifty day moving average price is C$1.36.

Global Atomic (TSE:GLO - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$0.31 million during the quarter. Global Atomic had a negative return on equity of 1.06% and a negative net margin of 182.98%.

Insider Buying and Selling

In other news, Senior Officer Rein Arnold Lehari sold 44,400 shares of the firm's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$1.37, for a total value of C$60,828.00. In related news, Director Dean Ronald Chambers acquired 15,000 shares of the company's stock in a transaction dated Wednesday, June 26th. The shares were bought at an average price of C$2.06 per share, for a total transaction of C$30,900.00. Also, Senior Officer Rein Arnold Lehari sold 44,400 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$1.37, for a total transaction of C$60,828.00. Insiders own 10.27% of the company's stock.

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.