Largo (TSE:LGO) Stock Jumps 4.9% – What’s Next?

Shares of Largo Inc. (TSE:LGO) were up 4.9% during trading on Friday. The stock traded as high as C$0.66 and last traded at C$0.64. Approximately 103,010 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 181,119 shares. The stock had previously closed at C$0.61.

Analyst Ratings Changes

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

Largo Stock Performance

The company has a debt-to-equity ratio of 86.26, a current ratio of 0.54 and a quick ratio of 1.52. The company has a 50 day simple moving average of C$0.88 and a 200-day simple moving average of C$1.14. The stock has a market capitalization of C$73.33 million, a P/E ratio of -0.59, a price-to-earnings-growth ratio of -0.76 and a beta of 2.26.

Largo (TSE:LGO) last posted its quarterly earnings results on Friday, August 14th. The company reported C($0.30) earnings per share for the quarter. Largo had a negative return on equity of 60.23% and a negative net margin of 64.87%. The firm had revenue of C$62.51 million for the quarter. On average, equities analysts forecast that Largo Inc. will post 0.13 EPS for the current year.

About Largo

Largo is the world’s largest primary vanadium producer and a globally recognized supplier of high-quality vanadium products, sourced from its world-class Maracás Menchen Mine in Brazil. Largo produces critical materials that empower global industries, including steel, aerospace, defense, chemical, and energy storage sectors. The Company is committed to operational excellence and sustainability, leveraging its vertical integration to ensure reliable supply and quality for its customers. Largo is also strategically invested in the clean energy storage sector through its investment in Storion Energy, a joint venture with Stryten Energy focused on scalable domestic electrolyte production for utility-scale vanadium flow battery long-duration energy storage solutions in the U.S.