Largo Reduces Operating Costs by 31% in Q3 2024 Financial Results; Maintains Leading Cost Position in Global Vanadium Sector
Largo Inc. - Common Shares (LGO)
Company Research
Source: Business Wire
All amounts expressed are in U.S. dollars, denominated by “$”.Q3 2024 and Other HighlightsRevenues of $29.9 million in Q3 2024 ($27.2 million from vanadium sales and $2.7 million from ilmenite sales) vs. revenues of $44.0 million from vanadium sales in Q3 2023Revenues per lb sold1 of V2O5 equivalent of $6.28 in Q3 2024 vs. $8.34 in Q3 2023; Decline in revenues was largely driven by a lower vanadium price environment and lower vanadium sales volumesOperating costs were $29.5 million in Q3 2024, a 31% reduction compared to $42.6 million in Q3 2023; Cash operating costs excluding royalties1 per pound sold of $3.12 in Q3 2024, a 43% reduction compared to the $5.44 per lb sold in Q3 2023Mining operations adjusted EBITDA1 of $2.4 million in Q3 2024 vs. mining operations adjusted EBITDA1 of $2.7 million in Q3 2023Net loss of $10.1 million (including $3.3 million in non-recurring items) in Q3 2024, a 15% improvement over the net loss of $11.9 million (including $2.5 million in non-recurring i
Show less
Read more
Impact Snapshot
Event Time:
LGO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LGO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LGO alerts
High impacting Largo Inc. - Common Shares news events
Weekly update
A roundup of the hottest topics
LGO
News
- Largo Inc. (NYSE: LGO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $4.20 price target on the stock.MarketBeat
- Storion Energy Announced as New Safekeeper of its Held Vanadium Units; Anticipates Increased Demand for Leased Vanadium ElectrolyteGlobeNewswire
- Largo and Stryten Energy to Form Storion Energy for the Manufacture of Vanadium Electrolyte and Battery Components for Long Duration Energy Storage [Yahoo! Finance]Yahoo! Finance
- Stryten Energy and Largo Launch Long-Duration Energy Storage Company [Yahoo! Finance]Yahoo! Finance
- Stryten Energy and Largo Launch Long-Duration Energy Storage CompanyBusiness Wire
LGO
Sec Filings
- 12/19/24 - Form 6-K
- 11/26/24 - Form 6-K
- 11/26/24 - Form 6-K
- LGO's page on the SEC website