Largo Inc. (TSE:LGO – Get Free Report)’s share price was down 9% during trading on Monday . The company traded as low as C$0.89 and last traded at C$0.91. Approximately 154,220 shares traded hands during trading, a decline of 18% from the average daily volume of 189,094 shares. The stock had previously closed at C$1.00.
Analysts Set New Price Targets
Separately, Maxim Group upgraded Largo to a “strong-buy” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.
View Our Latest Report on Largo
Largo Stock Performance
Largo (TSE:LGO – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported C($0.30) earnings per share (EPS) for the quarter. The firm had revenue of C$62.51 million during the quarter. Largo had a negative return on equity of 45.97% and a negative net margin of 60.42%. Sell-side analysts predict that Largo Inc. will post 0.1349206 earnings per share for the current fiscal year.
Insider Buying and Selling at Largo
In other Largo news, insider Luander Rodrigues Peixoto sold 74,331 shares of the stock in a transaction on Monday, May 25th. The stock was 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 firm’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$1.39, for a total value 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.
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