Global Atomic (TSE:GLO) Stock Price Up 10.6% – Still a Buy?

Global Atomic Co. (TSE:GLO) rose 10.6% on Wednesday . The company traded as high as C$0.52 and last traded at C$0.52. Approximately 649,760 shares changed hands during 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 Ratings Changes

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

Global Atomic Trading Up 14.9 %

The firm’s 50-day moving average is C$0.78 and its 200 day moving average is C$1.07. The firm has a market capitalization of C$122.52 million, a price-to-earnings ratio of -30.00 and a beta of 1.37.

Global Atomic (TSE:GLO) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C($0.02) earnings per share for the quarter. Global Atomic had a negative return on equity of 1.06% and a negative net margin of 182.98%.

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.