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

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 - Get Free Report)'s share price was down 6.8% during trading on Tuesday . The stock traded as low as C$0.66 and last traded at C$0.68. Approximately 527,432 shares changed 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 Trading Down 1.5%

The firm has a fifty day simple moving average of C$0.78 and a 200 day simple moving average of C$0.69. The stock has a market cap of C$204.22 million, a price-to-earnings ratio of -20.11 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.