Largo (TSE:LGO) Stock Price Up 11.8% – Here’s What Happened

Largo Inc. (TSE:LGO) rose 11.8% during mid-day trading on Wednesday . The company traded as high as C$1.04 and last traded at C$1.04. 184,950 shares traded hands during trading, an increase of 4% from the average session volume of 178,093 shares. The stock had previously closed at C$0.93.

Analyst Upgrades and Downgrades

Separately, Maxim Group upgraded Largo to a “strong-buy” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Largo Stock Up 9.7%

The stock’s fifty day simple moving average is C$0.95 and its two-hundred day simple moving average is C$1.27. The company has a debt-to-equity ratio of 86.26, a quick ratio of 1.52 and a current ratio of 0.54. The stock has a market capitalization of C$105.20 million, a P/E ratio of -0.94, a price-to-earnings-growth ratio of -0.76 and a beta of 2.04.

Largo (TSE:LGO) last released its earnings results on Friday, August 14th. The company reported C($0.30) EPS for the quarter. Largo had a negative net margin of 64.87% and a negative return on equity of 60.23%. The business had revenue of C$62.51 million for the quarter. As a group, research analysts expect that Largo Inc. will post 0.1349206 EPS for the current fiscal year.

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.