Largo (TSE:LGO) Trading Up 1.2% – Here’s Why

Largo Inc. (TSE:LGO)’s stock price traded up 1.2% on Friday . The stock traded as high as C$0.89 and last traded at C$0.85. Approximately 78,510 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 194,054 shares. The stock had previously closed at C$0.84.

Wall Street Analyst Weigh In

Separately, Maxim Group upgraded shares of Largo to a “strong-buy” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Largo presently has an average rating of “Strong Buy”.

Largo Stock Up 1.2%

The company has a quick ratio of 1.52, a current ratio of 0.55 and a debt-to-equity ratio of 73.31. The stock has a market cap of C$86.14 million, a PE ratio of -0.90, a price-to-earnings-growth ratio of -0.76 and a beta of 2.15. The firm has a fifty day moving average of C$1.04 and a 200 day moving average of C$1.53.

Largo (TSE:LGO) last released its quarterly earnings data on Wednesday, May 13th. The company reported C($0.10) earnings per share (EPS) for the quarter. Largo had a negative return on equity of 45.97% and a negative net margin of 60.42%.The business had revenue of C$38.27 million for the quarter. On average, equities research analysts anticipate that Largo Inc. will post 0.1349206 EPS for the current fiscal year.

Insider Buying and Selling

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

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.