Largo (TSE:LGO) Stock Price Down 12.4% - Time to Sell?

Key Points

• Largo Inc. (TSE:LGO) experienced a significant drop in stock price, falling 12.4% to C$2.33 on Monday, with trading volume increasing by 321% compared to the average.
• The company has a market capitalization of C$139.81 million and a price-to-earnings ratio of -3.77, reflecting negative earnings performance.
• Largo Inc. is focused on producing vanadium products and advancing renewable energy storage solutions through their vanadium redox flow battery technology.

Largo Inc. (TSE:LGO - ) shares fell 12.4% on Monday . The company traded as low as C$2.33 and last traded at C$2.33. 130,348 shares changed hands during mid-day trading, an increase of 321% from the average session volume of 30,934 shares. The stock had previously closed at C$2.66.

Largo Price Performance

The stock's fifty day moving average price is C$2.10 and its two-hundred day moving average price is C$2.05. The firm has a market capitalization of C$139.81 million, a price-to-earnings ratio of -3.77, a price-to-earnings-growth ratio of -0.76 and a beta of 1.57. The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 48.45.

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.

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