Largo (TSE:LGO) Shares Up 1.2% – Should You Buy?

Largo Inc. (TSE:LGO)’s stock price was up 1.2% during trading on Friday . The stock traded as high as C$0.89 and last traded at C$0.85. 78,510 shares traded hands 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.

Wall Street Analyst Weigh In

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

Largo Stock Up 1.2%

The company has a quick ratio of 1.52, a current ratio of 0.55 and a debt-to-equity ratio of 73.31. The firm has a market capitalization of C$86.14 million, a PE ratio of -0.90, a price-to-earnings-growth ratio of -0.76 and a beta of 2.15. The business’s 50-day moving average price is C$1.04 and its 200-day moving average price is C$1.53.

Largo (TSE:LGO) last released its quarterly earnings data on Wednesday, May 13th. The company reported C($0.10) earnings per share for the quarter. The company 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%. As a group, equities research analysts predict that Largo Inc. will post 0.1349206 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, 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 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 value of C$100,346.85. Corporate insiders own 0.19% of the company’s stock.

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.