Largo (TSE:LGO) Releases Earnings Results

Largo (TSE:LGO) posted its earnings results on Wednesday. The company reported C($0.28) earnings per share (EPS) for the quarter, reports. Largo had a negative net margin of 57.33% and a negative return on equity of 41.23%. The company had revenue of C$38.44 million during the quarter.

Largo Trading Down 2.3%

Shares of LGO stock traded down C$0.04 during trading hours on Thursday, reaching C$1.71. 19,885 shares of the stock traded hands, compared to its average volume of 226,997. Largo has a 1-year low of C$1.23 and a 1-year high of C$3.71. The company has a quick ratio of 1.52, a current ratio of 0.50 and a debt-to-equity ratio of 81.40. The firm has a market capitalization of C$143.08 million, a PE ratio of -1.73, a PEG ratio of -0.76 and a beta of 1.99. The business has a fifty day moving average price of C$1.92 and a 200 day moving average price of C$1.81.

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.