Largo (TSE:LGO) Stock Price Down 0.6% – Here’s Why

Largo Inc. (TSE:LGO)’s share price dropped 0.6% on Wednesday . The company traded as low as C$1.50 and last traded at C$1.54. Approximately 86,520 shares changed hands during trading, a decline of 58% from the average daily volume of 205,184 shares. The stock had previously closed at C$1.55.

Largo Trading Up 2.2%

The stock has a market cap of C$137.20 million, a PE ratio of -1.40, a price-to-earnings-growth ratio of -0.76 and a beta of 2.20. The stock has a 50-day moving average price of C$1.71 and a two-hundred day moving average price of C$1.68. The company has a debt-to-equity ratio of 73.31, a current ratio of 0.55 and a quick ratio of 1.52.

Largo (TSE:LGO) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C($0.10) earnings per share for the quarter. The firm had revenue of C$38.27 million for the quarter. Largo had a negative net margin of 60.42% and a negative return on equity of 45.97%. Sell-side analysts forecast 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.