Largo (TSE:LGO) Shares Down 1.8% – Here’s What Happened

Largo Inc. (TSE:LGO)’s stock price dropped 1.8% during mid-day trading on Monday . The stock traded as low as C$2.69 and last traded at C$2.75. Approximately 25,774 shares traded hands during trading, a decline of 41% from the average daily volume of 43,572 shares. The stock had previously closed at C$2.80.

Largo Price Performance

The firm has a 50 day moving average of C$2.55 and a 200-day moving average of C$2.50. The company has a current ratio of 2.13, a quick ratio of 1.52 and a debt-to-equity ratio of 41.04. The company has a market cap of C$167.33 million, a P/E ratio of -2.44, a P/E/G ratio of -0.76 and a beta of 2.09.

Largo (TSE:LGO) last issued its earnings results on Thursday, August 8th. The company reported C($0.31) earnings per share for the quarter. Largo had a negative return on equity of 21.59% and a negative net margin of 31.84%. The company had revenue of C$39.08 million for the quarter. On average, equities research analysts predict that Largo Inc. will post 0.1349206 EPS for the current 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.