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Global Atomic (TSE:GLO) Stock Price Down 21.4% - What's Next?

Global Atomic logo with Basic Materials background

Key Points

  • Global Atomic's stock plummeted by 21.4% during mid-day trading, dropping to a low of C$0.52 after closing at C$0.70.
  • The trading volume increased significantly, with over 5 million shares traded, marking a 280% rise compared to its average volume.
  • Global Atomic has a market capitalization of C$187.19 million and a price-to-earnings ratio of -11.00.
  • Five stocks to consider instead of Global Atomic.

Global Atomic Co. (TSE:GLO - Get Free Report) shares fell 21.4% during mid-day trading on Thursday . The stock traded as low as C$0.52 and last traded at C$0.55. 5,182,008 shares changed hands during mid-day trading, an increase of 280% from the average session volume of 1,364,910 shares. The stock had previously closed at C$0.70.

Global Atomic Stock Performance

The company has a market capitalization of C$187.19 million, a price-to-earnings ratio of -11.00 and a beta of 0.12. The firm has a 50-day simple moving average of C$0.63 and a two-hundred day simple moving average of C$0.71.

Global Atomic Company Profile

(Get Free Report)

Global Atomic Corp is a Canadian-based company that operates along with its subsidiaries. Its business activities include processing of electric arc furnace dust (EAFD) obtained from steel companies in Turkey, through a Waelz kiln process to recover zinc concentrates that are then treated by zinc smelters; and acquisition, exploration, and development of uranium properties in Niger.

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