Global Atomic (TSE:GLO) Upgraded to Hold by Cormark

Global Atomic (TSE:GLO) was upgraded by research analysts at Cormark from a “strong sell” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

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

Global Atomic Stock Performance

GLO stock opened at C$1.15 on Thursday. The company has a 50 day moving average of C$1.31. The company has a market capitalization of C$260.91 million, a P/E ratio of -30.00 and a beta of 1.37. Global Atomic has a twelve month low of C$1.06 and a twelve month high of C$3.91.

Global Atomic (TSE:GLO) last posted its quarterly earnings results on Monday, August 12th. The company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$0.31 million during the quarter. Global Atomic had a negative return on equity of 1.06% and a negative net margin of 182.98%.

Insider Transactions at Global Atomic

In other news, Senior Officer Rein Arnold Lehari sold 44,400 shares of Global Atomic stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$1.37, for a total transaction of C$60,828.00. 10.27% of the stock is currently owned by corporate insiders.

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.