Global Atomic (TSE:GLO) Trading 1.3% Higher - Here's Why

Key Points

• Shares rose 1.3% mid-day to C$0.81 (intraday high C$0.84) on 658,902 shares traded, a 77% decline from the average session volume.
• Fundamentals show the company is unprofitable with a market cap of C$397.13M, quarterly EPS of C($0.02), a hugely negative net margin (≈-2,087.94%) and negative ROE (-7.64%).
• Global Atomic combines cash-flowing zinc concentrate production with development of the high-grade Dasa Deposit uranium project in Niger, operated via SOMIDA (Global Atomic 80% / Niger government 20%).

Shares of Global Atomic Co. (TSE:GLO - Get Free Report) traded up 1.3% during mid-day trading on Friday . The company traded as high as C$0.84 and last traded at C$0.81. 658,902 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 2,847,661 shares. The stock had previously closed at C$0.80.

Global Atomic Stock Performance

The firm has a market capitalization of C$397.13 million, a P/E ratio of -11.57 and a beta of 0.09. The business has a fifty day moving average of C$0.80 and a 200-day moving average of C$0.70.

Global Atomic (TSE:GLO - Get Free Report) last issued its quarterly earnings data on Thursday, March 26th. The company reported C($0.02) earnings per share for the quarter. Global Atomic had a negative net margin of 2,087.94% and a negative return on equity of 7.64%. The company had revenue of C$0.29 million for the quarter.

Global Atomic Company Profile

Global Atomic Corporation ( www.globalatomiccorp.com ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production. The Company's Uranium Division is developing the fully permitted, large, high-grade Dasa Deposit, discovered in 2010 by Global Atomic geologists through grassroots field exploration. The Deposit is in the uranium-rich Tim Mersoï Basin in the Agadez Region of the Republic of Niger. The Dasa Project is operated by SOMIDA, a Niger-based company which is owned 80% by Global Atomic and 20% by the Niger Government.

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