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Largo (TSE:LGO) Stock Price Up 4.1% - Here's Why

Largo logo with Basic Materials background

Largo Inc. (TSE:LGO - Get Free Report) shot up 4.1% during mid-day trading on Tuesday . The stock traded as high as C$1.82 and last traded at C$1.76. 46,960 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 27,815 shares. The stock had previously closed at C$1.69.

Largo Stock Performance

The business has a 50-day moving average price of C$1.87 and a 200-day moving average price of C$2.26. The firm has a market capitalization of C$84.36 million, a price-to-earnings ratio of -1.71, a P/E/G ratio of -0.76 and a beta of 2.09. The company has a quick ratio of 1.52, a current ratio of 1.67 and a debt-to-equity ratio of 48.45.

About Largo

(Get Free Report)

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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