Largo (TSE:LGO) Shares Up 11.8% – Should You Buy?

Largo Inc. (TSE:LGO)’s stock price rose 11.8% during 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.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upgraded shares of Largo to a “strong-buy” rating in a research report on Friday, July 24th. One 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 Trading Up 9.7%

The stock’s 50-day simple moving average is C$0.95 and its 200-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 firm has a market capitalization of C$105.20 million, a PE ratio of -0.94, a P/E/G ratio of -0.76 and a beta of 2.04.

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

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.