Largo (TSE:LGO) Stock Price Up 4.9% – Here’s What Happened

Largo Inc. (TSE:LGO)’s share price traded up 4.9% during trading on Friday. The stock traded as high as C$0.66 and last traded at C$0.64. Approximately 103,010 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 181,119 shares. The stock had previously closed at C$0.61.

Analyst Upgrades and Downgrades

Separately, Maxim Group upgraded shares of 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. Based on data from MarketBeat, Largo presently has a consensus rating of “Strong Buy”.

Largo Price Performance

The company has a current ratio of 0.54, a quick ratio of 1.52 and a debt-to-equity ratio of 86.26. The firm has a market cap of C$73.33 million, a PE ratio of -0.59, a price-to-earnings-growth ratio of -0.76 and a beta of 2.26. The stock has a 50 day simple moving average of C$0.88 and a 200-day simple moving average of C$1.14.

Largo (TSE:LGO) last posted its earnings results on Friday, August 14th. The company reported C($0.30) EPS for the quarter. The firm 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%. Equities analysts anticipate that Largo Inc. will post 0.13 earnings per share for the current fiscal year.

About Largo

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.