Largo’s (LGO) Buy Rating Reaffirmed At HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Largo (TSE:LGO – Get Rating) in a report released on Friday. HC Wainwright currently has a C$19.00 price objective on the stock.
Largo Stock Down 2.7 %
Shares of LGO stock opened at C$9.78 on Friday. The firm’s fifty day moving average price is C$9.31 and its two-hundred day moving average price is C$11.68. Largo has a 1 year low of C$8.17 and a 1 year high of C$18.77. The firm has a market capitalization of C$627.19 million and a P/E ratio of 29.64. The company has a current ratio of 3.09, a quick ratio of 1.41 and a debt-to-equity ratio of 5.96.
Largo Company Profile
Largo Inc engages in the development and sale of vanadium-based utility scale electrical energy storage systems in Canada. The company operates in five segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. 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.