Global Atomic (TSE:GLO) Stock Price Down 3.3% - What's Next?

Key Points

• Global Atomic Co.'s stock price fell 3.3% to C$0.59, with trading volume dropping to approximately 989,104 shares during mid-day trading.
• The company's market capitalization is C$188.26 million, and it has a negative price-to-earnings ratio of -18.54, indicating potential challenges in profitability.
• Global Atomic operates primarily in processing electric arc furnace dust and focuses on uranium properties development in Niger.

Global Atomic Co. (TSE:GLO - )'s share price was down 3.3% on Monday . The stock traded as low as C$0.58 and last traded at C$0.59. Approximately 989,104 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 1,338,155 shares. The stock had previously closed at C$0.61.

Global Atomic Stock Performance

The stock has a market cap of C$188.26 million, a price-to-earnings ratio of -18.54 and a beta of 1.37. The company's 50 day simple moving average is C$0.74 and its two-hundred day simple moving average is C$0.68.

About Global Atomic

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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