Largo (TSE:LGO) Stock Falls 18.6% – What’s Next?

Largo Inc. (TSE:LGO)’s stock price fell 18.6% on Friday. The stock traded as low as C$0.73 and last traded at C$0.79. 861,767 shares traded hands during trading, an increase of 377% from the average session volume of 180,744 shares. The stock had previously closed at C$0.97.

Analyst Ratings Changes

Separately, Maxim Group upgraded shares of Largo to a “strong-buy” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Largo Stock Performance

The company has a quick ratio of 1.52, a current ratio of 0.54 and a debt-to-equity ratio of 86.26. The stock has a fifty day simple moving average of C$0.96 and a 200-day simple moving average of C$1.25. The company has a market capitalization of C$80.44 million, a P/E ratio of -0.72, a PEG ratio of -0.76 and a beta of 2.04.

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

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.