Largo (TSE:LGO) Stock Price Down 2.3% – What’s Next?

Shares of Largo Inc. (TSE:LGO) traded down 2.3% during mid-day trading on Thursday . The company traded as low as C$2.60 and last traded at C$2.60. 18,992 shares were traded during trading, a decline of 27% from the average session volume of 25,883 shares. The stock had previously closed at C$2.66.

Largo Stock Performance

The company has a market capitalization of C$118.56 million, a price-to-earnings ratio of -2.40, a P/E/G ratio of -0.76 and a beta of 2.09. The company has a 50 day moving average price of C$2.62 and a 200 day moving average price of C$2.68. The company has a debt-to-equity ratio of 48.45, a quick ratio of 1.52 and a current ratio of 1.67.

Largo (TSE:LGO) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C($0.22) earnings per share (EPS) for the quarter. Largo had a negative return on equity of 22.41% and a negative net margin of 33.74%. During the same period in the prior year, the business posted ($0.25) earnings per share. Equities research analysts predict that Largo Inc. will post 0.1349206 earnings per share for the current fiscal year.

About Largo

Largo Inc is committed to the production and supply of high-quality vanadium products. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. The Company is engaged in the mining, exploration, and development of mineral properties, primarily in Brazil, through which it produces and supplies vanadium products VPURE Flake, VPURE+ Flake, and VPURE+ Powder.