Largo (TSE:LGO) Trading 1.8% Higher

Shares of Largo Inc. (TSE:LGO – Get Rating) traded up 1.8% during mid-day trading on Monday . The company traded as high as C$8.85 and last traded at C$8.59. 27,967 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 90,196 shares. The stock had previously closed at C$8.44.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. HC Wainwright restated a “buy” rating and issued a C$19.00 price objective on shares of Largo in a research report on Friday, August 12th. Morgan Stanley restated an “equal weight” rating and issued a C$10.70 price objective on shares of Largo in a research report on Friday, September 16th.
Largo Price Performance
The business’s 50 day moving average price is C$8.18 and its two-hundred day moving average price is C$9.48. The stock has a market cap of C$550.88 million and a P/E ratio of 14.81. The company has a current ratio of 3.09, a quick ratio of 1.41 and a debt-to-equity ratio of 5.96.
Largo (TSE:LGO – Get Rating) last announced its earnings results on Wednesday, August 10th. The company reported C$0.36 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.31 by C$0.05. The company had revenue of C$108.24 million for the quarter, compared to the consensus estimate of C$90.57 million. As a group, sell-side analysts expect that Largo Inc. will post 1.3300001 earnings per share for the current fiscal year.
About Largo
Largo Inc engages in the development and sale of vanadium-based utility scale electrical energy storage systems in Canada. The company operates in five segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.