Global Atomic (TSE:GLO) Stock Price Down 4.8% – Here’s Why

Global Atomic Co. (TSE:GLO) traded down 4.8% during trading on Monday . The company traded as low as C$0.58 and last traded at C$0.59. 536,289 shares changed hands during trading, a decline of 75% from the average daily volume of 2,149,184 shares. The stock had previously closed at C$0.62.

Global Atomic Stock Performance

The company has a 50 day simple moving average of C$0.70 and a two-hundred day simple moving average of C$0.77. The company has a market cap of C$289.27 million, a PE ratio of -11.80 and a beta of -0.00.

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

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.