Global Atomic (TSE:GLO) Cut to “Strong Sell” at Cormark

Cormark downgraded shares of Global Atomic (TSE:GLO) from a hold rating to a strong sell rating in a report issued on Wednesday,Zacks.com reports.

Separately, Canaccord Genuity Group reduced their target price on Global Atomic from C$3.00 to C$2.75 and set a “speculative buy” rating on the stock in a research note on Tuesday, September 24th.

Global Atomic Price Performance

Shares of TSE:GLO opened at C$0.86 on Wednesday. The business has a 50 day simple moving average of C$1.05 and a two-hundred day simple moving average of C$1.38. Global Atomic has a 1 year low of C$0.75 and a 1 year high of C$3.91. The firm has a market capitalization of C$195.12 million, a PE ratio of -30.00 and a beta of 1.37.

About Global Atomic

Global Atomic Corporation engages in the acquisition, exploration, and development of uranium properties in Niger. It also explores for zinc. The company owns 80% interest in the Dasa deposit located in the Republic of Niger. It also processes electric arc furnace dust into zinc concentrates, which is sold to zinc smelters.