Largo (TSE:LGO) Stock Price Down 3% – Time to Sell?
by Doug Wharley · The Cerbat GemLargo Inc. (TSE:LGO – Get Free Report)’s stock price fell 3% during mid-day trading on Tuesday . The company traded as low as C$1.28 and last traded at C$1.29. 47,111 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 53,950 shares. The stock had previously closed at C$1.33.
Largo Stock Up 1.6%
The business has a 50 day moving average of C$1.43 and a two-hundred day moving average of C$1.84. The stock has a market capitalization of C$109.14 million, a PE ratio of -1.33, a PEG ratio of -0.76 and a beta of 1.39. 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 – Get Free Report) last announced its earnings results on Wednesday, November 12th. The company reported C($0.57) EPS for the quarter. Largo had a negative return on equity of 22.41% and a negative net margin of 33.74%.The firm had revenue of C$46.32 million during the quarter. Analysts predict 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.