Largo Reports Q3 Revenue Growth and Improved Production Levels.

Largo (LGO) reported a 12.5% YoY increase in Q3 revenue to $33.3 million and boosted production levels to 2,636 tonnes. The company reduced its adjusted cash operating costs to $3.03 per pound. Despite operational improvements, Largo faces profitability issues with an operating margin of -40.28% and a net margin of -34.48%. The company's debt-to-equity ratio of 0.58 indicates moderate leverage, but liquidity constraints and a distress Z-Score of -0.56 pose risks. Valuation metrics, including a P/S ratio of 0.67 and P/B ratio of 0.44, suggest the stock may be undervalued.