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

Largo Inc. (TSE:LGO) fell 3.1% on Friday . The company traded as low as C$0.93 and last traded at C$0.93. 53,150 shares were traded during mid-day trading, a decline of 71% from the average session volume of 182,715 shares. The stock had previously closed at C$0.96.

Analysts Set New Price Targets

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

Largo Trading Down 3.1%

The business’s 50 day simple moving average is C$0.96 and its 200 day simple moving average is 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 price-to-earnings ratio of -0.86, a price-to-earnings-growth ratio of -0.76 and a beta of 2.04.

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