Largo (TSE:LGO) Shares Down 1.6% – Here’s Why

Largo Inc. (TSE:LGO)’s stock price dropped 1.6% on Wednesday . The company traded as low as C$2.43 and last traded at C$2.47. Approximately 15,591 shares changed hands during trading, a decline of 8% from the average daily volume of 16,878 shares. The stock had previously closed at C$2.51.

Largo Price Performance

The stock has a market cap of C$164.76 million, a PE ratio of -2.40, a PEG ratio of -0.76 and a beta of 2.09. 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’s 50-day moving average is C$2.65 and its two-hundred day moving average is C$2.67.

Largo (TSE:LGO) last released its earnings results 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 quarter last year, the business earned ($0.25) EPS. On average, equities analysts predict that Largo Inc. will post 0.1349206 earnings per share 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.