Largo (TSE:LGO) Stock Price Down 3.1% – What’s Next?

Largo Inc. (TSE:LGO)’s share price was down 3.1% during trading on Friday . The stock traded as low as C$0.93 and last traded at C$0.93. Approximately 53,150 shares changed hands during trading, a decline of 71% from the average session volume of 182,715 shares. The stock had previously closed at C$0.96.

Wall Street Analyst Weigh In

Separately, Maxim Group raised Largo to a “strong-buy” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Largo Stock Performance

The stock has a 50-day simple moving average of C$0.96 and a 200 day simple moving average of C$1.34. The company has a debt-to-equity ratio of 86.26, a current ratio of 0.54 and a quick ratio of 1.52. The company has a market capitalization of C$95.91 million, a PE ratio of -0.86, a P/E/G ratio of -0.76 and a beta of 2.04.

Largo (TSE:LGO) last posted its earnings results on Friday, August 14th. The company reported C($0.30) earnings per share for the quarter. Largo had a negative net margin of 64.87% and a negative return on equity of 60.23%. The firm had revenue of C$62.51 million during the quarter. Equities analysts anticipate that Largo Inc. will post 0.1349206 EPS for the current fiscal 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.