Largo (TSE:LGO) Trading Down 9% – Should You Sell?

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

Wall Street Analyst Weigh In

Separately, Maxim Group raised shares of Largo to a “strong-buy” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Read Our Latest Stock Analysis on Largo

Largo Stock Performance

The firm has a market cap of C$91.20 million, a PE ratio of -0.96, a PEG ratio of -0.76 and a beta of 2.11. The company has a current ratio of 0.55, a quick ratio of 1.52 and a debt-to-equity ratio of 73.31. The firm’s 50 day simple moving average is C$0.98 and its 200 day simple moving average is C$1.47.

Largo (TSE:LGOGet Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported C($0.30) earnings per share for the quarter. Largo had a negative net margin of 60.42% and a negative return on equity of 45.97%. The firm had revenue of C$62.51 million for the quarter. On average, research analysts forecast that Largo Inc. will post 0.1349206 EPS for the current fiscal year.

Insider Buying and Selling at Largo

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

Largo Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Largo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Largo and related companies with MarketBeat.com's FREE daily email newsletter.