Largo (TSE:LGO) Stock Price Down 3.6% – What’s Next?

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

Largo Stock Down 3.6%

The firm has a market cap of C$109.44 million, a price-to-earnings ratio of -1.15, a P/E/G ratio of -0.76 and a beta of 2.12. The company has a debt-to-equity ratio of 73.31, a current ratio of 0.55 and a quick ratio of 1.52. The stock has a 50-day moving average of C$1.49 and a 200-day moving average of C$1.64.

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

Insider Buying and Selling

In other Largo news, insider Diogo De Araujo Silva sold 78,574 shares of the firm’s stock in a transaction on Monday, May 25th. The stock was 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 the firm’s stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$1.35, for a total value of C$100,346.85. Corporate insiders own 0.19% of the company’s stock.

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.