Largo Inc. (TSE:LGO – Get Free Report)’s stock price shot up 4.9% on Friday. The stock traded as high as C$0.66 and last traded at C$0.64. 103,010 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 181,119 shares. The stock had previously closed at C$0.61.
Analysts Set New Price Targets
Separately, Maxim Group upgraded 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 data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.
View Our Latest Research Report on Largo
Largo Stock Up 4.9%
The stock has a 50 day moving average of C$0.88 and a 200-day moving average of C$1.14. The firm has a market capitalization of C$73.33 million, a P/E ratio of -0.59, a PEG ratio of -0.76 and a beta of 2.26. The company has a debt-to-equity ratio of 86.26, a quick ratio of 1.52 and a current ratio of 0.54.
Largo (TSE:LGO – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported C($0.30) earnings per share (EPS) for the quarter. The business had revenue of C$62.51 million during the quarter. Largo had a negative return on equity of 60.23% and a negative net margin of 64.87%. Research analysts predict that Largo Inc. will post 0.13 earnings per share for the current fiscal year.
Largo Company Profile
Largo is the world’s largest primary vanadium producer and a globally recognized supplier of high-quality vanadium products, sourced from its world-class Maracás Menchen Mine in Brazil. Largo produces critical materials that empower global industries, including steel, aerospace, defense, chemical, and energy storage sectors. The Company is committed to operational excellence and sustainability, leveraging its vertical integration to ensure reliable supply and quality for its customers. Largo is also strategically invested in the clean energy storage sector through its investment in Storion Energy, a joint venture with Stryten Energy focused on scalable domestic electrolyte production for utility-scale vanadium flow battery long-duration energy storage solutions in the U.S.
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