Largo (TSE:LGO) Shares Down 1.6% - Here's What Happened

Key Points

• Largo Inc.'s shares dropped 1.6% to C$1.84 with a total trading volume of 11,700 shares, marking a significant decline from the average volume of 30,414 shares.
• The company has a market cap of C$83.90 million and a negative PE ratio of -1.70, indicating current financial struggles.
• Largo is focused on producing high-quality vanadium products and advancing renewable energy storage solutions through its vanadium redox flow battery technology.

Largo Inc. (TSE:LGO - )'s stock price traded down 1.6% during mid-day trading on Friday . The stock traded as low as C$1.83 and last traded at C$1.84. 11,700 shares traded hands during trading, a decline of 62% from the average session volume of 30,414 shares. The stock had previously closed at C$1.87.

Largo Trading Down 1.6%

The stock has a market cap of C$83.90 million, a PE ratio of -1.70, a P/E/G ratio of -0.76 and a beta of 2.09. The firm has a 50-day simple moving average of C$1.86 and a 200-day simple moving average of C$2.14. The company has a quick ratio of 1.52, a current ratio of 1.67 and a debt-to-equity ratio of 48.45.

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.

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