Largo (TSE:LGO) Shares Down 2.3% – Should You Sell?

Largo Inc. (TSE:LGO)’s stock price traded down 2.3% during mid-day trading on Thursday . The company traded as low as C$2.60 and last traded at C$2.60. 18,992 shares traded hands during trading, a decline of 27% from the average session volume of 25,883 shares. The stock had previously closed at C$2.66.

Largo Stock Down 1.9 %

The business’s 50 day simple moving average is C$2.60 and its 200-day simple moving average is C$2.68. The company has a market cap of C$116.28 million, a price-to-earnings ratio of -2.35, a price-to-earnings-growth ratio of -0.76 and a beta of 2.09. The company has a debt-to-equity ratio of 48.45, a quick ratio of 1.52 and a current ratio of 1.67.

Largo (TSE:LGO) last issued its earnings results on Tuesday, November 12th. The company reported C($0.22) earnings per share (EPS) for the quarter. Largo had a negative net margin of 33.74% and a negative return on equity of 22.41%. During the same quarter last year, the business posted ($0.25) EPS. Sell-side analysts expect that Largo Inc. will post 0.1349206 earnings per share for the current year.

Largo Company Profile

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.