Largo (TSE:LGO) Trading Down 9% – Here’s Why

Largo Inc. (TSE:LGO) fell 9% during mid-day trading on Monday . The stock traded as low as C$0.89 and last traded at C$0.91. 154,220 shares changed hands during trading, a decline of 18% from the average daily volume of 189,094 shares. The stock had previously closed at C$1.00.

Analyst Upgrades and Downgrades

Separately, Maxim Group upgraded shares of 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, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Largo Stock Down 10.0%

The company has a quick ratio of 1.52, a current ratio of 0.55 and a debt-to-equity ratio of 73.31. The company has a fifty day simple moving average of C$0.98 and a 200-day simple moving average of C$1.47. The firm has a market cap of C$91.20 million, a P/E ratio of -0.96, a price-to-earnings-growth ratio of -0.76 and a beta of 2.11.

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 return on equity of 45.97% and a negative net margin of 60.42%.The company had revenue of C$62.51 million during the quarter. On average, equities analysts anticipate that Largo Inc. will post 0.1349206 earnings per share for the current year.

Insider Buying and Selling at Largo

In related news, insider Luander Rodrigues Peixoto sold 74,331 shares of Largo stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$1.35, for a total transaction of C$100,346.85. Also, insider Diogo De Araujo Silva sold 78,574 shares of the company’s stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$1.39, for a total transaction of C$109,217.86. 0.19% of the stock is owned by company insiders.

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.