Global Atomic (TSE:GLO) Stock Price Up 17.6% – Here’s What Happened

Global Atomic Co. (TSE:GLO)’s stock price traded up 17.6% on Thursday . The company traded as high as C$0.80 and last traded at C$0.80. Approximately 16,073,772 shares were traded during mid-day trading, an increase of 594% from the average daily volume of 2,315,657 shares. The stock had previously closed at C$0.68.

Global Atomic Price Performance

The stock’s 50 day simple moving average is C$0.75 and its two-hundred day simple moving average is C$0.76. The firm has a market cap of C$392.23 million, a P/E ratio of -16.00 and a beta of -0.01.

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

Global Atomic Company Profile

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.