Largo (TSE:LGO) Stock Price Down 3.2% – Here’s What Happened

Shares of Largo Inc. (TSE:LGOGet Free Report) were down 3.2% during trading on Monday . The company traded as low as C$1.76 and last traded at C$1.79. Approximately 71,151 shares were traded during trading, an increase of 155% from the average daily volume of 27,850 shares. The stock had previously closed at C$1.85.

Largo Trading Down 3.2%

The business’s 50 day moving average price is C$1.98 and its two-hundred day moving average price is C$2.39. The company has a debt-to-equity ratio of 48.45, a quick ratio of 1.52 and a current ratio of 1.67. The company has a market capitalization of C$81.62 million, a price-to-earnings ratio of -1.65, a price-to-earnings-growth ratio of -0.76 and a beta of 2.09.

Largo Company Profile

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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.

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