Largo (TSE:LGO) Trading 31.8% Higher – What’s Next?

Largo Inc. (TSE:LGO)’s share price was up 31.8% during mid-day trading on Thursday . The company traded as high as C$1.20 and last traded at C$1.16. Approximately 519,631 shares were traded during mid-day trading, an increase of 164% from the average session volume of 196,744 shares. The stock had previously closed at C$0.88.

Largo Stock Performance

The company has a debt-to-equity ratio of 73.31, a quick ratio of 1.52 and a current ratio of 0.55. The company has a market cap of C$118.56 million, a PE ratio of -1.24, a PEG ratio of -0.76 and a beta of 2.12. The business’s 50-day moving average is C$1.31 and its 200 day moving average is C$1.61.

Largo (TSE:LGO) last released its quarterly earnings data on Wednesday, May 13th. The company reported C($0.10) EPS for the quarter. The company had revenue of C$38.27 million during the quarter. Largo had a negative return on equity of 45.97% and a negative net margin of 60.42%. On average, equities research analysts predict that Largo Inc. will post 0.1349206 EPS 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 shares were sold at an average price of C$1.35, for a total transaction 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 transaction of C$109,217.86. 0.19% of the stock is owned by 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.