Largo (TSE:LGO) Announces Quarterly Earnings Results

Largo (TSE:LGO) announced its quarterly earnings data on Friday. The company reported C($0.30) earnings per share for the quarter, FiscalAI reports. Largo had a negative net margin of 60.42% and a negative return on equity of 45.97%. The business had revenue of C$62.51 million during the quarter.

Largo Trading Down 3.8%

LGO traded down C$0.04 during midday trading on Friday, reaching C$1.00. 87,967 shares of the company were exchanged, compared to its average volume of 189,318. The company has a debt-to-equity ratio of 73.31, a quick ratio of 1.52 and a current ratio of 0.55. Largo has a one year low of C$0.79 and a one year high of C$3.71. The stock has a market capitalization of C$101.34 million, a P/E ratio of -1.06, a PEG ratio of -0.76 and a beta of 2.11. The stock’s 50-day simple moving average is C$0.98 and its 200 day simple moving average is C$1.48.

Insider Transactions at Largo

In related news, insider Luander Rodrigues Peixoto sold 74,331 shares of Largo stock in a transaction that occurred 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. Also, insider Diogo De Araujo Silva sold 78,574 shares of the business’s stock in a transaction that occurred 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. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

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

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.