Largo (TSE:LGO) Shares Climb 11.8% – Here’s Why
by Kim Johansen · The Markets DailyLargo Inc. (TSE:LGO – Get Free Report)’s stock price rose 11.8% on Wednesday. The company traded as high as C$1.04 and last traded at C$1.04. Approximately 184,950 shares were traded during mid-day trading, an increase of 4% from the average session volume of 178,093 shares. The stock had previously closed at C$0.93.
Analyst Upgrades and Downgrades
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, According to MarketBeat, the company presently has an average rating of “Strong Buy”.
View Our Latest Analysis on Largo
Largo Stock Performance
The firm has a market cap of C$100.04 million, a P/E ratio of -0.90, a P/E/G ratio of -0.76 and a beta of 2.04. The company has a debt-to-equity ratio of 86.26, a quick ratio of 1.52 and a current ratio of 0.54. The business’s 50-day simple moving average is C$0.96 and its 200 day simple moving average is C$1.25.
Largo (TSE:LGO – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported C($0.30) earnings per share for the quarter. Largo had a negative net margin of 64.87% and a negative return on equity of 60.23%. The firm had revenue of C$62.51 million for the quarter. As a group, equities analysts predict that Largo Inc. will post 0.1349206 earnings per share for the current year.
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.