Global Atomic (TSE:GLO) Upgraded by Cormark to Hold

Global Atomic (TSE:GLO - Get Free Report) was upgraded by investment analysts at Cormark from a "strong sell" rating to a "hold" rating in a research note issued to investors on Thursday, Zacks.com reports.

Separately, Canaccord Genuity Group cut their price objective on Global Atomic from C$3.00 to C$2.75 and set a "speculative buy" rating for the company in a research report on Tuesday, September 24th.

Global Atomic Stock Performance

TSE GLO traded up C$0.01 on Thursday, reaching C$1.16. 740,035 shares of the stock traded hands, compared to its average volume of 819,345. Global Atomic has a 12 month low of C$1.06 and a 12 month high of C$3.91. The stock's fifty day moving average price is C$1.31. The company has a market capitalization of C$263.18 million, a P/E ratio of -30.00 and a beta of 1.37.

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

Insider Activity

In other news, Senior Officer Rein Arnold Lehari sold 44,400 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$1.37, for a total value of C$60,828.00. Corporate 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.