Global Atomic (TSE:GLO) Shares Down 3.5% – Should You Sell?

Shares of Global Atomic Co. (TSE:GLO) dropped 3.5% during mid-day trading on Thursday . The company traded as low as C$0.79 and last traded at C$0.83. Approximately 3,479,157 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 3,146,673 shares. The stock had previously closed at C$0.86.

Global Atomic Stock Performance

The firm has a market capitalization of C$406.85 million, a PE ratio of -10.20 and a beta of 0.00. The stock’s 50-day simple moving average is C$0.82 and its 200-day simple moving average is C$0.69.

About Global Atomic

Global Atomic Corp is a Canadian-based company that operates along with its subsidiaries. Its business activities include processing of electric arc furnace dust (EAFD) obtained from steel companies in Turkey, through a Waelz kiln process to recover zinc concentrates that are then treated by zinc smelters; and acquisition, exploration, and development of uranium properties in Niger. The majority of its revenue comes from its EAFD business.