Global Atomic (TSE:GLO) Trading Down 6.8% - Here's What Happened

Key Points

• Global Atomic Co. shares fell by 6.8% during mid-day trading, reaching a low of C$0.66 and last trading at C$0.68.
• The trading volume decreased by 60% from the average daily volume, indicating a drop in investor interest.
• The company has a market capitalization of C$210.60 million and operates in the processing of electric arc furnace dust and uranium properties in Niger.

Global Atomic Co. (TSE:GLO - ) shares dropped 6.8% during mid-day trading on Tuesday . The stock traded as low as C$0.66 and last traded at C$0.68. Approximately 527,432 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 1,315,575 shares. The stock had previously closed at C$0.73.

Global Atomic Stock Down 9.6%

The business has a 50-day moving average price of C$0.80 and a two-hundred day moving average price of C$0.70. The company has a market capitalization of C$210.60 million, a price-to-earnings ratio of -20.73 and a beta of 1.37.

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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