Largo (TSE:LGO) Stock Price Down 2.7%

Largo Inc. (TSE:LGO) traded down 2.7% during mid-day trading on Friday . The company traded as low as C$2.50 and last traded at C$2.51. 176,594 shares traded hands during trading, an increase of 298% from the average session volume of 44,334 shares. The stock had previously closed at C$2.58.

Largo Stock Performance

The business’s fifty day moving average price is C$2.52 and its 200-day moving average price is C$2.44. The company has a debt-to-equity ratio of 41.04, a quick ratio of 1.52 and a current ratio of 2.13. The stock has a market cap of C$160.92 million, a PE ratio of -2.32, a P/E/G ratio of -0.76 and a beta of 2.08.

Largo (TSE:LGO) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($0.31) earnings per share (EPS) for the quarter. The company had revenue of C$39.08 million for the quarter. Largo had a negative net margin of 31.84% and a negative return on equity of 21.59%. As a group, equities research analysts forecast that Largo Inc. will post 0.013504 EPS for the current fiscal year.

Largo Company Profile

Largo Inc engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through, Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy and Largo Physical Vanadium Segments. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.