Global Atomic (TSE:GLO) Lowered to Strong Sell Rating by Cormark

Global Atomic (TSE:GLO) was downgraded by equities researchers at Cormark from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Canaccord Genuity Group lowered their price objective on shares of Global Atomic from C$3.00 to C$2.75 and set a “speculative buy” rating on the stock in a report on Tuesday, September 24th.

Global Atomic Stock Up 1.3 %

Shares of Global Atomic stock opened at C$0.77 on Wednesday. Global Atomic has a 12-month low of C$0.75 and a 12-month high of C$3.91. The firm’s 50-day moving average price is C$1.05 and its two-hundred day moving average price is C$1.38. The company has a market capitalization of C$174.70 million, a price-to-earnings 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.