Largo (TSE:LGO) Trading 8.1% Higher

Largo Inc. (TSE:LGO)’s stock price traded up 8.1% during mid-day trading on Thursday . The company traded as high as C$3.08 and last traded at C$3.08. 63,594 shares traded hands during trading, an increase of 42% from the average session volume of 44,812 shares. The stock had previously closed at C$2.85.

Largo Stock Performance

The company has a market cap of C$194.77 million, a PE ratio of -4.74, a P/E/G ratio of -0.76 and a beta of 1.99. The company has a current ratio of 3.23, a quick ratio of 1.52 and a debt-to-equity ratio of 29.92. The business has a fifty day moving average of C$2.63 and a 200-day moving average of C$2.51.

Largo (TSE:LGO) last posted its earnings results on Wednesday, May 15th. The company reported C($0.27) earnings per share for the quarter. Largo had a negative return on equity of 12.20% and a negative net margin of 15.27%. The firm had revenue of C$56.87 million for the quarter. Equities research analysts anticipate that Largo Inc. will post 0.013504 earnings per share for the current fiscal year.

About Largo

Largo Inc engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through, Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy and Largo Physical Vanadium Segments. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.