Sep. 3 at 11:45 AM
$GLATF Global Atomic initiated with a Hold at Jefferies
Jefferies initiated coverage of Global Atomic with a Hold rating and C
$0.60 price target. The company offers upside optionality on Africa's highest-grade uranium deposit, the analyst tells investors in a research note. However, the firm says the shares are pricing in a 70% chance of Global Atomic's financing getting on track by year-end.