Largo (TSE:LGO) Shares Down 1.9% – Here’s What Happened

Largo Inc. (TSE:LGO)’s stock price was down 1.9% during trading on Tuesday . The stock traded as low as C$1.57 and last traded at C$1.59. Approximately 29,500 shares traded hands during trading, a decline of 40% from the average daily volume of 49,298 shares. The stock had previously closed at C$1.62.

Largo Stock Down 1.9%

The firm has a market cap of C$132.47 million, a price-to-earnings ratio of -2.75, a PEG ratio of -0.76 and a beta of 1.33. The business has a fifty day simple moving average of C$2.11 and a 200 day simple moving average of C$1.98. The company has a debt-to-equity ratio of 48.45, a current ratio of 1.67 and a quick ratio of 1.52.

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.