Largo (TSE:LGO) Trading Up 4.3% – What’s Next?

Largo Inc. (TSE:LGO)’s stock price was up 4.3% during mid-day trading on Wednesday . The company traded as high as C$1.06 and last traded at C$0.97. 285,696 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 201,737 shares. The stock had previously closed at C$0.93.

Largo Trading Up 4.3%

The company has a current ratio of 0.55, a quick ratio of 1.52 and a debt-to-equity ratio of 73.31. The stock has a market capitalization of C$98.30 million, a P/E ratio of -1.03, a price-to-earnings-growth ratio of -0.76 and a beta of 2.15. The company has a 50-day moving average price of C$1.25 and a 200 day moving average price of C$1.60.

Largo (TSE:LGO) last announced its earnings results on Wednesday, May 13th. The company reported C($0.10) EPS for the quarter. 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 during the quarter. On average, research analysts forecast that Largo Inc. will post 0.1349206 earnings per share for the current fiscal year.

Insider Activity at Largo

In other Largo news, insider Luander Rodrigues Peixoto sold 74,331 shares of Largo stock in a transaction 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 company’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. 0.19% of the stock is owned by company insiders.

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.