Largo Inc. (TSE:LGO – Get Free Report) fell 9% during trading on Monday . The company traded as low as C$0.89 and last traded at C$0.91. 154,220 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 189,094 shares. The stock had previously closed at C$1.00.
Wall Street Analyst Weigh In
Separately, Maxim Group raised shares of Largo to a “strong-buy” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.
Read Our Latest Stock Analysis on Largo
Largo Stock Performance
Largo (TSE:LGO – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported C($0.30) earnings per share for the quarter. Largo had a negative net margin of 60.42% and a negative return on equity of 45.97%. The firm had revenue of C$62.51 million for the quarter. On average, research analysts forecast that Largo Inc. will post 0.1349206 EPS for the current fiscal year.
Insider Buying and Selling at Largo
In related news, insider Diogo De Araujo Silva sold 78,574 shares of the business’s stock in a transaction that occurred on Monday, May 25th. The stock was sold at an average price of C$1.39, for a total value of C$109,217.86. Also, insider Luander Rodrigues Peixoto sold 74,331 shares of the firm’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$1.35, for a total transaction of C$100,346.85. 0.19% of the stock is owned by insiders.
Largo Company Profile
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.
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