Global Atomic (TSE:GLO) Given New C$2.75 Price Target at Canaccord Genuity Group

Global Atomic (TSE:GLO) had its price target reduced by research analysts at Canaccord Genuity Group from C$3.00 to C$2.75 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 88.36% from the company’s previous close.

Separately, Cormark downgraded shares of Global Atomic from a “market perform” rating to a “reduce” rating and lowered their target price for the stock from C$1.50 to C$1.00 in a report on Wednesday, August 14th.

Global Atomic Trading Up 2.1 %

TSE GLO traded up C$0.03 during trading on Tuesday, reaching C$1.46. 628,347 shares of the stock traded hands, compared to its average volume of 729,691. The firm’s 50-day moving average is C$1.37. The company has a market capitalization of C$331.24 million, a price-to-earnings ratio of -30.00 and a beta of 1.37. Global Atomic has a fifty-two week low of C$1.13 and a fifty-two week high of C$3.91.

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

Insider Activity at Global Atomic

In other Global Atomic news, Senior Officer Rein Arnold Lehari sold 44,400 shares of Global Atomic 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. In related news, Director Dean Ronald Chambers purchased 15,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was bought at an average cost of C$2.06 per share, for a total transaction of C$30,900.00. Also, Senior Officer Rein Arnold Lehari sold 44,400 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$1.37, for a total value of C$60,828.00. 10.27% of the stock is currently owned by corporate insiders.

Global Atomic Company Profile

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.