Global Atomic (TSE:GLO) Raised to “Hold” at Cormark

Cormark upgraded shares of Global Atomic (TSE:GLO) from a strong sell rating to a hold rating in a report published on Thursday, Zacks.com reports.

Separately, Canaccord Genuity Group dropped their target price on shares of Global Atomic from C$3.00 to C$2.75 and set a speculative buy rating on the stock in a research note on Tuesday, September 24th.

Global Atomic Trading Up 0.9 %

Global Atomic stock opened at C$1.16 on Thursday. Global Atomic has a fifty-two week low of C$1.06 and a fifty-two week high of C$3.91. The stock has a market capitalization of C$263.18 million, a PE ratio of -30.00 and a beta of 1.37. The stock’s 50-day moving average price is C$1.31.

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

Insider Buying and Selling at Global Atomic

In other Global Atomic news, Senior Officer Rein Arnold Lehari sold 44,400 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$1.37, for a total value of C$60,828.00. Corporate insiders own 10.27% of the company’s stock.

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.