Global Atomic (TSE:GLO) Stock Price Down 2.7% – Time to Sell?

Global Atomic Co. (TSE:GLO) shares dropped 2.7% during trading on Wednesday . The stock traded as low as C$0.71 and last traded at C$0.72. Approximately 741,699 shares were traded during trading, a decline of 69% from the average daily volume of 2,360,315 shares. The stock had previously closed at C$0.74.

Global Atomic Stock Down 2.7%

The stock has a market capitalization of C$353.00 million, a PE ratio of -14.40 and a beta of 0.06. The company has a 50-day moving average of C$0.78 and a 200 day moving average of C$0.74.

Global Atomic (TSE:GLO) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.01 EPS for the quarter. Global Atomic had a negative return on equity of 4.29% and a negative net margin of 1,289.81%.The firm had revenue of C$0.29 million during the quarter.

About Global Atomic

Global Atomic Corporation ( www.globalatomiccorp.com ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production. The Company’s Uranium Division is developing the fully permitted, large, high-grade Dasa Deposit, discovered in 2010 by Global Atomic geologists through grassroots field exploration. The Deposit is in the uranium-rich Tim Mersoï Basin in the Agadez Region of the Republic of Niger. The Dasa Project is operated by SOMIDA, a Niger-based company which is owned 80% by Global Atomic and 20% by the Niger Government.