Global Atomic (TSE:GLO) Trading 16% Higher - Time to Buy?

Key Points

• Global Atomic Co. experienced a significant stock price increase of 16%, reaching a last trading value of C$0.58 during mid-day trading.
• The company's market capitalization stands at C$178.69 million, with a PE ratio of -17.59, indicating potential concerns over profitability.
• Global Atomic focuses on processing electric arc furnace dust for zinc recovery and exploring uranium properties in Niger, highlighting its role in the mining sector.

Global Atomic Co. (TSE:GLO - )'s stock price shot up 16% during mid-day trading on Monday . The company traded as high as C$0.58 and last traded at C$0.58. 1,028,219 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 1,346,767 shares. The stock had previously closed at C$0.50.

Global Atomic Stock Performance

The company has a 50 day moving average of C$0.66 and a two-hundred day moving average of C$0.68. The stock has a market capitalization of C$178.69 million, a PE ratio of -17.59 and a beta of 1.37.

Global Atomic Company Profile

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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