Largo (TSE:LGO) Stock Price Down 2.7%

Largo Inc. (TSE:LGO) traded down 2.7% during trading on Friday . The stock traded as low as C$2.50 and last traded at C$2.51. 176,594 shares changed hands during mid-day 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 Down 2.7 %

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’s fifty day simple moving average is C$2.52 and its 200 day simple moving average is C$2.44. The firm has a market capitalization of C$160.92 million, a P/E ratio of -2.32, a price-to-earnings-growth ratio of -0.76 and a beta of 2.08.

Largo (TSE:LGO) last issued its quarterly earnings results on Thursday, August 8th. The company reported C($0.31) earnings per share (EPS) for the quarter. The business had revenue of C$39.08 million during the quarter. Largo had a negative return on equity of 21.59% and a negative net margin of 31.84%. Research analysts expect that Largo Inc. will post 0.013504 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.