Sprott Inc. Acquires 620,909 Shares of Largo Inc. (NYSE:LGO)

Sprott Inc. lifted its holdings in Largo Inc. (NYSE:LGO) by 156.8% in the fourth quarter, Holdings Channel reports. The fund owned 1,016,809 shares of the company’s stock after purchasing an additional 620,909 shares during the quarter. Sprott Inc.’s holdings in Largo were worth $1,749,000 at the end of the most recent quarter.

Separately, XTX Topco Ltd purchased a new stake in Largo during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 64.08% of the company’s stock.

Largo Trading Down 3.4 %

LGO stock opened at $1.68 on Wednesday. Largo Inc. has a twelve month low of $1.38 and a twelve month high of $2.84. The stock has a market capitalization of $107.71 million, a price-to-earnings ratio of -2.10 and a beta of 1.70. The company has a quick ratio of 0.81, a current ratio of 1.67 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $1.80 and its two-hundred day simple moving average is $1.92.

Analyst Ratings Changes

Separately, HC Wainwright cut their target price on Largo from $4.20 to $3.70 and set a “buy” rating on the stock in a research report on Wednesday, February 12th.

About Largo

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.