Global Atomic (TSE:GLO) Trading Down 1.3% - Should You Sell?

Key Points

• Shares fell 1.3% to C$0.77 (intraday low C$0.76) on ~1.51M shares traded, about 40% below the stock's average daily volume of 2.52M.
• The company reported a quarterly loss of C($0.02) per share on C$0.29M revenue, with a deeply negative net margin (2,087.94%) and negative ROE of 7.64%.
• Global Atomic combines cash-flowing zinc concentrate production with uranium development, notably the fully permitted Dasa Deposit in Niger, where it controls the project via SOMIDA (80% owned by Global Atomic, 20% by the Niger government).

Global Atomic Co. (TSE:GLO - Get Free Report) shares were down 1.3% on Tuesday . The company traded as low as C$0.76 and last traded at C$0.77. Approximately 1,513,764 shares were traded during trading, a decline of 40% from the average daily volume of 2,515,115 shares. The stock had previously closed at C$0.78.

Global Atomic Price Performance

The stock has a market capitalization of C$377.52 million, a PE ratio of -11.00 and a beta of 0.06. The business's fifty day moving average price is C$0.82 and its two-hundred day moving average price is C$0.71.

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

About Global Atomic

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.