Largo (TSE:LGO) Shares Up 5.3% – Here’s What Happened

Largo Inc. (TSE:LGO) shares rose 5.3% on Tuesday . The stock traded as high as C$1.63 and last traded at C$1.59. Approximately 227,991 shares changed hands during trading, a decline of 0% from the average daily volume of 228,141 shares. The stock had previously closed at C$1.51.

Largo Stock Up 5.3%

The business has a 50-day moving average price of C$1.92 and a 200-day moving average price of C$1.81. The company has a market capitalization of C$133.04 million, a price-to-earnings ratio of -1.61, a price-to-earnings-growth ratio of -0.76 and a beta of 1.99. The company has a quick ratio of 1.52, a current ratio of 0.50 and a debt-to-equity ratio of 81.40.

Largo (TSE:LGO) last released its quarterly earnings results on Wednesday, April 1st. The company reported C($0.28) earnings per share for the quarter. The company had revenue of C$38.44 million during the quarter. Largo had a negative net margin of 57.33% and a negative return on equity of 41.23%. As a group, equities analysts anticipate that Largo Inc. will post 0.1349206 earnings per share 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.