Insider Buying: Global Atomic Co. (TSE:GLO) Senior Officer Purchases 23,000 Shares of Stock

Global Atomic Co. (TSE:GLO) Senior Officer Robert Tait acquired 23,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price of C$0.65 per share, for a total transaction of C$14,950.00.

Global Atomic Stock Down 3.1 %

Shares of TSE GLO traded down C$0.02 on Friday, reaching C$0.62. 518,749 shares of the company’s stock traded hands, compared to its average volume of 1,461,208. The business’s 50 day simple moving average is C$0.87 and its two-hundred day simple moving average is C$1.13. Global Atomic Co. has a 12 month low of C$0.59 and a 12 month high of C$3.58. The company has a market cap of C$140.67 million, a price-to-earnings ratio of -30.00 and a beta of 1.37.

Global Atomic (TSE:GLO) last issued its earnings results on Tuesday, November 12th. The company reported C($0.02) earnings per share (EPS) for the quarter. Global Atomic had a negative return on equity of 1.06% and a negative net margin of 182.98%.

Wall Street Analyst Weigh In

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

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.