Largo (TSE:LGO) Stock Price Down 2.3% – Here’s Why

Largo Inc. (TSE:LGOGet Free Report)’s share price dropped 2.3% on Monday . The stock traded as low as C$2.92 and last traded at C$2.93. Approximately 36,588 shares were traded during trading, a decline of 14% from the average daily volume of 42,754 shares. The stock had previously closed at C$3.00.

Largo Stock Performance

The company has a quick ratio of 1.52, a current ratio of 2.13 and a debt-to-equity ratio of 41.04. The firm has a 50 day moving average of C$2.94 and a 200-day moving average of C$2.71. The company has a market cap of C$184.00 million, a P/E ratio of -2.66, a PEG ratio of -0.76 and a beta of 2.09.

Largo Company Profile

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Largo Inc engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through, Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy and Largo Physical Vanadium Segments. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.

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