Largo (TSE:LGO) Shares Down 18.6% – What’s Next?

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

Wall Street Analyst Weigh In

Separately, Maxim Group upgraded Largo to a “strong-buy” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has an average rating of “Strong Buy”.

Largo Trading Down 19.6%

The firm has a market capitalization of C$80.44 million, a P/E ratio of -0.72, a price-to-earnings-growth ratio of -0.76 and a beta of 2.04. The company has a debt-to-equity ratio of 86.26, a quick ratio of 1.52 and a current ratio of 0.54. The firm has a 50 day moving average price of C$0.96 and a two-hundred day moving average price of C$1.25.

Largo (TSE:LGO) last posted its quarterly earnings data on Friday, August 14th. The company reported C($0.30) EPS for the quarter. Largo had a negative net margin of 64.87% and a negative return on equity of 60.23%. The firm had revenue of C$62.51 million for the quarter. On average, equities research analysts expect that Largo Inc. will post 0.1349206 EPS for the current fiscal 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.