Largo (TSE:LGO) Stock Price Down 3% – Time to Sell?

Largo Inc. (TSE:LGO) shares dropped 3% on Tuesday . The company traded as low as C$1.28 and last traded at C$1.29. Approximately 47,111 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 53,950 shares. The stock had previously closed at C$1.33.

Largo Stock Performance

The stock’s 50-day moving average is C$1.44 and its 200-day moving average is C$1.84. The firm has a market capitalization of C$107.47 million, a price-to-earnings ratio of -1.31, a PEG ratio of -0.76 and a beta of 1.39. The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 48.45.

Largo (TSE:LGO) last issued its earnings results on Wednesday, November 12th. The company reported C($0.57) earnings per share for the quarter. The company had revenue of C$46.32 million during the quarter. Largo had a negative net margin of 33.74% and a negative return on equity of 22.41%. On average, analysts predict 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.