Largo (TSE:LGO) Trading Up 1.2% – Still a Buy?

Largo Inc. (TSE:LGOGet Free Report) shares traded up 1.2% on Friday . The company traded as high as C$0.89 and last traded at C$0.85. 78,510 shares were traded during mid-day trading, a decline of 60% from the average session volume of 194,054 shares. The stock had previously closed at C$0.84.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on Largo

Largo Stock Up 1.2%

The stock has a market cap of C$86.14 million, a PE ratio of -0.90, a P/E/G ratio of -0.76 and a beta of 2.15. The business has a 50 day moving average of C$1.04 and a 200-day moving average of C$1.53. The company has a current ratio of 0.55, a quick ratio of 1.52 and a debt-to-equity ratio of 73.31.

Largo (TSE:LGOGet Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C($0.10) earnings per share for the quarter. The firm had revenue of C$38.27 million during the quarter. Largo had a negative net margin of 60.42% and a negative return on equity of 45.97%. Equities research analysts predict that Largo Inc. will post 0.1349206 EPS for the current fiscal year.

Insider Buying and Selling at Largo

In other Largo news, insider Diogo De Araujo Silva sold 78,574 shares of the firm’s stock in a transaction 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. Also, insider Luander Rodrigues Peixoto sold 74,331 shares of Largo 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 owned by corporate insiders.

Largo Company Profile

(Get Free Report)

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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