Largo (TSE:LGO) Shares Up 4.3% – Time to Buy?

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

Largo Trading Up 4.3%

The stock has a market cap of C$98.30 million, a price-to-earnings ratio of -1.03, a P/E/G ratio of -0.76 and a beta of 2.15. The business’s 50 day moving average is C$1.25 and its 200 day moving average is C$1.60. 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 (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 net margin of 60.42% and a negative return on equity of 45.97%. The business had revenue of C$38.27 million during the quarter. As a group, equities analysts expect that Largo Inc. will post 0.1349206 earnings per share for the current fiscal year.

Insider Transactions at Largo

In other Largo news, insider Luander Rodrigues Peixoto sold 74,331 shares of Largo stock in a transaction that occurred on Monday, May 25th. The stock was 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 the stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$1.39, for a total value of C$109,217.86. 0.19% of the stock is currently owned by corporate 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.