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Global Atomic (TSE:GLO) Shares Down 7.5% - Should You Sell?

Global Atomic logo with Basic Materials background

Global Atomic Co. (TSE:GLO - Get Free Report)'s share price fell 7.5% during trading on Thursday . The stock traded as low as C$0.98 and last traded at C$0.98. 191,285 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 1,352,023 shares. The stock had previously closed at C$1.06.

Global Atomic Stock Performance

The firm has a market cap of C$277.61 million, a price-to-earnings ratio of -27.33 and a beta of 1.37. The business's 50 day moving average price is C$0.75 and its 200 day moving average price is C$0.74.

About Global Atomic

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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.

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