Largo (TSE:LGO) Releases Quarterly Earnings Results

Largo (TSE:LGOGet Free Report) released its quarterly earnings results on Friday. The company reported C($0.30) earnings per share (EPS) 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$62.51 million during the quarter.

Largo Stock Performance

Shares of TSE LGO opened at C$1.00 on Friday. Largo has a 12-month low of C$0.79 and a 12-month high of C$3.71. The firm has a market capitalization of C$101.34 million, a price-to-earnings ratio of -1.06, a price-to-earnings-growth ratio of -0.76 and a beta of 2.11. 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 firm has a 50 day moving average of C$0.98 and a 200 day moving average of C$1.47.

Insider Buying and Selling at Largo

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

Analyst Ratings Changes

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

Check Out Our Latest Report on LGO

About Largo

(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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Earnings History for Largo (TSE:LGO)

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