Largo (TSE:LGO) Releases Quarterly Earnings Results

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

Largo Stock Performance

Largo stock traded up C$0.22 during trading hours on Wednesday, reaching C$1.81. 217,023 shares of the stock were exchanged, compared to its average volume of 227,655. Largo has a 52-week low of C$1.23 and a 52-week high of C$3.71. The stock has a market cap of C$151.45 million, a P/E ratio of -1.83, a P/E/G ratio of -0.76 and a beta of 1.99. The company has a debt-to-equity ratio of 81.40, a quick ratio of 1.52 and a current ratio of 0.50. The firm’s 50 day moving average is C$1.92 and its 200 day moving average is 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.