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

Cormark upgraded shares of Global Atomic (TSE:GLO) from a strong sell rating to a hold rating in a research note released on Thursday, Zacks.com reports.

Separately, Canaccord Genuity Group lowered their price target 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 Trading Up 0.9 %

Shares of TSE:GLO opened at C$1.16 on Thursday. The stock’s 50 day moving average is C$1.31. The stock has a market capitalization of C$263.18 million, a price-to-earnings ratio of -30.00 and a beta of 1.37. Global Atomic has a one year low of C$1.06 and a one year high of C$3.91.

Global Atomic (TSE:GLO) last released its earnings results on Monday, August 12th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$0.31 million for 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 shares were sold at an average price of C$1.37, for a total transaction of C$60,828.00. Insiders own 10.27% of the company’s stock.

Global Atomic Company Profile

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.