Largo Inc. (NYSE:LGO - Get Free Report)'s share price rose 7.1% during mid-day trading on Friday . The company traded as high as $1.52 and last traded at $1.51. Approximately 171,848 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 134,578 shares. The stock had previously closed at $1.41.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a "buy" rating and set a $3.70 price objective on shares of Largo in a research report on Monday, June 30th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $3.70.
View Our Latest Research Report on Largo
Largo Stock Up 1.3%
The company has a market capitalization of $96.84 million, a PE ratio of -1.89 and a beta of 1.51. The company's fifty day moving average is $1.38 and its 200-day moving average is $1.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.67.
Institutional Trading of Largo
Large investors have recently added to or reduced their stakes in the company. Sprott Inc. boosted its position in shares of Largo by 5.4% during the 1st quarter. Sprott Inc. now owns 1,072,056 shares of the company's stock valued at $1,726,000 after acquiring an additional 55,247 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Largo by 75.9% in the 1st quarter. Russell Investments Group Ltd. now owns 288,860 shares of the company's stock worth $466,000 after buying an additional 124,604 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of Largo during the 1st quarter valued at about $77,000. Banco BTG Pactual S.A. purchased a new stake in shares of Largo during the 2nd quarter valued at about $61,000. Finally, Millennium Management LLC bought a new position in shares of Largo in the 4th quarter valued at about $74,000. Institutional investors own 64.08% of the company's stock.
Largo Company Profile
(
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Largo Inc engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through, Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy and Largo Physical Vanadium Segments. 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.
Further Reading
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