Largo (TSE:LGO) Stock Price Down 3.1% – Here’s Why

Shares of Largo Inc. (TSE:LGO) traded down 3.1% during mid-day trading on Friday . The stock traded as low as C$0.93 and last traded at C$0.93. Approximately 53,150 shares traded hands during trading, a decline of 71% from the average daily volume of 182,715 shares. The stock had previously closed at C$0.96.

Analyst Upgrades and Downgrades

Separately, Maxim Group upgraded shares of Largo to a “strong-buy” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Largo Trading Down 3.1%

The company has a quick ratio of 1.52, a current ratio of 0.54 and a debt-to-equity ratio of 86.26. The company has a market capitalization of C$95.91 million, a P/E ratio of -0.86, a price-to-earnings-growth ratio of -0.76 and a beta of 2.04. The business has a fifty day moving average price of C$0.96 and a 200 day moving average price of C$1.34.

Largo (TSE:LGO) last posted its quarterly earnings data on Friday, August 14th. The company reported C($0.30) earnings per share (EPS) for the quarter. Largo had a negative return on equity of 60.23% and a negative net margin of 64.87%.The firm had revenue of C$62.51 million for the quarter. On average, analysts expect 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.