Largo (TSE:LGO) Releases Earnings Results

by · The Cerbat Gem

Largo (TSE:LGO – Get Free Report) posted its earnings results on Wednesday. The company reported C($0.10) earnings per share for the quarter, FiscalAI reports. Largo had a negative return on equity of 45.97% and a negative net margin of 60.42%.The firm had revenue of C$38.27 million for the quarter.

Largo Stock Performance

TSE LGO remained flat at C$1.38 on Friday. The company’s stock had a trading volume of 24,315 shares, compared to its average volume of 207,985. The firm has a market capitalization of C$134.28 million, a price-to-earnings ratio of -1.37, a P/E/G ratio of -0.76 and a beta of 2.20. Largo has a 1-year low of C$1.23 and a 1-year high of C$3.71. The firm’s 50-day simple moving average is C$1.73 and its 200-day simple moving average is C$1.68. The company has a debt-to-equity ratio of 73.31, a quick ratio of 1.52 and a current ratio of 0.55.

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.

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