Largo (TSE:LGO – Get Free Report) posted its quarterly earnings data on Friday. The company reported C($0.30) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$62.51 million during the quarter. Largo had a negative return on equity of 45.97% and a negative net margin of 60.42%.
Largo Price Performance
LGO opened at C$1.00 on Friday. The stock’s 50 day simple moving average is C$0.98 and its 200 day simple moving average is C$1.47. The company has a debt-to-equity ratio of 73.31, a current ratio of 0.55 and a quick ratio of 1.52. Largo has a 1 year low of C$0.79 and a 1 year high of C$3.71. The firm has a market cap of C$101.34 million, a price-to-earnings ratio of -1.06, a PEG ratio of -0.76 and a beta of 2.11.
Wall Street Analysts Forecast Growth
Separately, Maxim Group upgraded shares of Largo to a “strong-buy” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.
Insider Activity at Largo
In related news, insider Diogo De Araujo Silva sold 78,574 shares of Largo stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$1.39, for a total value of C$109,217.86. Also, insider Luander Rodrigues Peixoto sold 74,331 shares of the company’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. 0.19% of the stock is currently owned by company insiders.
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.
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