Global Atomic (GLO) AI Stock Analysis

• Market Cap: C$143.17M
• Dividend Yield: N/A
• Average Volume (3M): 1.54M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.96
• Revenue Growth: 26.38%
• EPS Growth: 69.87%
• Country: CA
• Employees: 275
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Mining
• EPS (TTM): -0.03
• Shares Outstanding: 307,893,070
• 10 Day Avg. Volume: 1,001,620
• 30 Day Avg. Volume: 1,538,345
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 134.14
• Price to Cash Flow (P/CF): -94.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$0.61
• Price Target Upside: 31.82% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

The overall score for Global Atomic stock is low due to its weak financial performance and bearish technical indicators. While the company has secured significant funding, its profitability issues and negative market momentum weigh heavily on the score. Investors should be cautious due to the risks associated with the company's current financial and technical standing.

Global Atomic Business Overview & Revenue Model

Company Description

Global Atomic Corporation, headquartered in Toronto, Canada, is a diversified company operating primarily in the mining and recycling sectors. It focuses on the exploration and development of uranium properties in Niger, West Africa, and operates a zinc concentrate production facility in Turkey. The company's core products include uranium, which is used as fuel for nuclear power generation, and zinc concentrates, which are essential for galvanizing steel and other industrial applications.

How the Company Makes Money

Global Atomic makes money through two primary revenue streams: uranium mining and zinc recycling. In the uranium sector, the company generates revenue from the exploration and development of its Niger-based Dasa Project, which involves extracting uranium ore and selling it to utility companies for nuclear energy production. In the zinc sector, Global Atomic operates a recycling facility in Turkey, where it processes Electric Arc Furnace Dust (EAFD) to produce zinc concentrate. The zinc concentrate is then sold to smelters and other industrial buyers. Significant partnerships, such as joint ventures with local companies and strategic agreements with energy utilities, also contribute to the company's earnings by providing operational support and established market access.

Global Atomic Financial Statement Overview

Summary

Global Atomic shows a mixed financial picture. While revenue is growing, the company remains unprofitable with significant operating losses. The strong equity position provides some balance sheet stability, but negative free cash flow and increasing debt levels pose risks. Continued focus on improving operational efficiency and profitability is crucial for future financial health.

Income Statement

The company experienced an improvement in revenue over the TTM period, indicative of a 11.5% growth from the previous year. However, the persistent negative EBIT and net income indicate ongoing unprofitability, with a net profit margin of -956.2% for the TTM period, highlighting significant operational challenges.

Balance Sheet

The company's balance sheet shows a strong equity base with an equity ratio of 89.9% for the TTM period, suggesting financial stability. However, the debt-to-equity ratio has increased slightly to 0.03, indicating a cautious increase in leverage. Despite these positives, the company's inability to generate profits remains a concern.

Cash Flow

Free cash flow has deteriorated significantly, with a negative growth rate of 28.8% for the TTM period. The operating cash flow to net income ratio of -0.55 suggests inefficiencies in converting profits into cash flow. Negative free cash flow highlights potential liquidity issues.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
1.18M	690.00K	1.15M	957.72K	707.55K	239.45K
	Gross Profit
777.87K	417.56K	888.20K	805.43K	585.99K	119.73K
	EBIT
-3.79M	-9.59M	-6.45M	-8.20M	-2.69M	-3.98M
	EBITDA
-8.03M	-9.39M	-7.62M	-8.04M	-2.57M	-3.79M
	Net Income Common Stockholders
-3.25M	-16.60M	-18.52M	-8.35M	-3.66M	3.74M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.70M	24.86M	8.40M	34.18M	2.45M	3.89M
	Total Assets
50.69M	177.60M	110.26M	93.60M	53.04M	53.61M
	Total Debt
0.00	9.74M	670.13K	272.94K	47.92K	157.78K
	Net Debt
-7.70M	-15.12M	-7.73M	-33.91M	-2.40M	-3.73M
	Total Liabilities
731.21K	19.41M	8.75M	2.90M	1.23M	647.75K
	Stockholders Equity
49.96M	157.76M	101.08M	90.70M	51.81M	52.96M
Cash Flow		Free Cash Flow
-17.31M	-40.51M	-28.16M	-5.00M	-1.44M	-3.15M
	Operating Cash Flow
-6.37M	-5.33M	-4.42M	-4.06M	-1.43M	-3.15M
	Investing Cash Flow
-24.35M	-43.92M	-31.29M	-13.27M	-3.59M	-2.66M
	Financing Cash Flow
35.89M	65.62M	9.81M	49.12M	3.58M	2.14M

Global Atomic Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.46
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GLO, the sentiment is Negative. The current price of 0.46 is below the 20-day moving average (MA) of 0.51, below the 50-day MA of 0.65, and below the 200-day MA of 1.21, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 37.68 is Neutral, neither overbought nor oversold. The STOCH value of 23.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GLO.

Global Atomic Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EFR	50 Neutral	$1.26B	―	-10.58%	―	110.44%	-144.93%
Sector *	46 Neutral	$2.64B	-3.89	-29.36%	3.33%	2.89%	-29.66%
NXE	38 Underperform	C$3.74B	27.25	-7.77%	―	―	-197.27%
DML	38 Underperform	$1.76B	33.05	-4.64%	―	―	―
GLO	37 Underperform	C$143.17M	―	-4.27%	―	26.38%	69.87%
PTU	31 Underperform	C$14.78M	―	-911.04%	―	―	15.98%

Global Atomic Corporate Events

Global Atomic Secures C$35.6 Million in Private Placement to Boost Dasa Project

Global Atomic Corporation has successfully closed a non-brokered private placement, raising C$35.6 million, which will be used to advance the Dasa Project and for general working capital. This financial move, pending final approval from the Toronto Stock Exchange, positions the company to strengthen its operations and enhance its market standing, particularly in uranium mining and zinc production.

Global Atomic Upsizes Private Placement to C$36 Million

Global Atomic Corporation has increased its non-brokered private placement from C$30 million to C$36 million due to high investor demand. The proceeds will be used for the advancement of the Dasa Project and general working capital, with a closing expected around January 31, 2025, subject to regulatory approvals.

Global Atomic Launches C$30 Million Private Placement to Advance Dasa Project

Global Atomic Corporation has announced a non-brokered private placement to raise up to C$30 million through the sale of 37.5 million units, consisting of common shares and purchase warrants. The funds will be used to advance the Dasa Project and for general working capital, with expectations for yellowcake production by early 2026. The company has secured a lead investment from a U.S.-based institutional investor, reflecting confidence in its project timeline and financial strategy.

Global Atomic Secures Strategic Uranium Supply Deal

Global Atomic has secured an offtake agreement with a European nuclear utility to supply uranium, enhancing its strategic position in the market. This agreement helps cover project construction costs and reflects confidence in the company’s ability to deliver amid challenging geopolitical conditions.

Global Atomic’s 2024 Progress and Niger Advancements

Global Atomic Corporation has made significant strides in 2024, advancing pre-production development at the Dasa Uranium Mine in Niger with first production targeted for Q1 2026. The geopolitical climate in Niger is improving, aiding the company’s operational progress and opening new trade routes, which could boost logistical efficiencies.

Global Atomic Reports Progress in Dasa Uranium Project

Global Atomic Corporation reports significant progress in its Dasa Uranium Project with the completion of underground development reaching the ore zone, and major infrastructure like ramp paving and ventilation systems underway. The plant construction is advancing, highlighted by the arrival of a 250-person housing facility and the shipment of critical components like the Acid Plant to the site.