Global Atomic (TSE:GLO) Shares Down 3.6% – Should You Sell?

Shares of Global Atomic Co. (TSE:GLO) fell 3.6% during mid-day trading on Thursday . The company traded as low as C$0.54 and last traded at C$0.54. 657,174 shares were traded during trading, a decline of 53% from the average session volume of 1,410,306 shares. The stock had previously closed at C$0.56.

Analysts Set New Price Targets

Separately, Cormark downgraded shares of Global Atomic from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th.

Global Atomic Trading Down 3.6 %

The company has a market capitalization of C$172.31 million, a price-to-earnings ratio of -16.96 and a beta of 1.37. The company’s 50 day simple moving average is C$0.57 and its 200-day simple moving average is C$0.90.

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.