Largo (TSE:LGO) Trading 4.3% Higher – Here’s What Happened

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

Largo Price Performance

The company has a debt-to-equity ratio of 73.31, a current ratio of 0.55 and a quick ratio of 1.52. The company has a 50-day simple moving average of C$1.23 and a 200-day simple moving average of C$1.60. The stock has a market cap of C$101.34 million, a PE ratio of -1.06, a PEG ratio of -0.76 and a beta of 2.15.

Largo (TSE:LGO) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C($0.10) earnings per share for the quarter. Largo had a negative return on equity of 45.97% and a negative net margin of 60.42%.The company had revenue of C$38.27 million for the quarter. Sell-side analysts anticipate that Largo Inc. will post 0.1349206 EPS for the current fiscal year.

Insider Activity

In other Largo news, insider Luander Rodrigues Peixoto sold 74,331 shares of the stock in a transaction dated 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 Largo stock in a transaction that occurred 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. Corporate insiders own 0.19% of the company’s stock.

About Largo

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.