Largo (TSE:LGO) Shares Down 3.6% – Here’s What Happened

Largo Inc. (TSE:LGO) shares traded down 3.6% during mid-day trading on Tuesday . The stock traded as low as C$1.08 and last traded at C$1.08. 88,036 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 201,812 shares. The stock had previously closed at C$1.12.

Largo Price Performance

The company has a debt-to-equity ratio of 73.31, a quick ratio of 1.52 and a current ratio of 0.55. The company has a market cap of C$103.36 million, a P/E ratio of -1.09, a P/E/G ratio of -0.76 and a beta of 2.12. The firm has a 50 day moving average price of C$1.46 and a two-hundred day moving average price of C$1.64.

Largo (TSE:LGO) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C($0.10) earnings per share (EPS) for the quarter. The firm had revenue of C$38.27 million during the quarter. Largo had a negative net margin of 60.42% and a negative return on equity of 45.97%. On average, analysts predict that Largo Inc. will post 0.1349206 EPS for the current fiscal year.

Insider Activity at Largo

In related news, insider Diogo De Araujo Silva sold 78,574 shares of the firm’s stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of C$1.39, for a total value of C$109,217.86. Also, insider Luander Rodrigues Peixoto sold 74,331 shares of Largo stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of C$1.35, for a total transaction of C$100,346.85. Insiders own 0.19% of the company’s stock.

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.