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Largo (TSE:LGO) Stock Price Down 1.6% - Here's What Happened

Largo logo with Basic Materials background

Largo Inc. (TSE:LGO - Get Free Report) fell 1.6% on Wednesday . The company traded as low as C$2.43 and last traded at C$2.47. 15,591 shares were traded during mid-day trading, a decline of 8% from the average session volume of 16,878 shares. The stock had previously closed at C$2.51.

Largo Stock Performance

The firm has a market capitalization of C$160.28 million, a P/E ratio of -2.34, a price-to-earnings-growth ratio of -0.76 and a beta of 2.09. The company has a 50-day moving average of C$2.66 and a 200-day moving average of C$2.67. The company has a current ratio of 2.13, a quick ratio of 1.52 and a debt-to-equity ratio of 41.04.

Largo (TSE:LGO - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C($0.22) earnings per share (EPS) for the quarter. Largo had a negative return on equity of 21.59% and a negative net margin of 31.84%. During the same period in the prior year, the company earned ($0.25) EPS. On average, equities analysts anticipate that Largo Inc. will post 0.1349206 earnings per share for the current fiscal year.

Largo Company Profile

(Get Free Report)

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.

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