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Largo (TSE:LGO) Trading 12.7% Higher - Should You Buy?

Largo logo with Basic Materials background

Largo Inc. (TSE:LGO - Get Free Report)'s share price was up 12.7% during trading on Friday . The stock traded as high as C$2.55 and last traded at C$2.39. Approximately 105,089 shares were traded during mid-day trading, an increase of 264% from the average daily volume of 28,899 shares. The stock had previously closed at C$2.12.

Largo Trading Up 9.9%

The firm has a market cap of C$106.25 million, a price-to-earnings ratio of -2.15, a PEG ratio of -0.76 and a beta of 2.09. The company has a 50-day moving average price of C$1.83 and a 200 day moving average price of C$2.22. The company has a quick ratio of 1.52, a current ratio of 1.67 and a debt-to-equity ratio of 48.45.

Largo Company Profile

(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.

Further Reading

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