Largo Inc
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Materials : Metals & Mining | Small Cap Value
Based in Canada
Company profile

Largo Inc. is engaged in the production and supply of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. It is also focused on the renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. It is in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations in addition to its United States -based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries. VPURE Flakes are used to produce ferrovanadium and vanadium carbon nitride for the steel industry.

Closing Price
$6.04
Day's Change
0.10 (1.68%)
Bid
--
Ask
--
B/A Size
--
Day's High
6.10
Day's Low
5.87
Volume
(Light)
Volume:
41,658

10-day average volume:
67,289
41,658

Amazon stock sinks, as Microsoft's 'worrisome' cloud outlook prompts UBS price target cut

11:10 am ET January 25, 2023 (MarketWatch)
Print

Shares of Amazon.com Inc. (AMZN) sank 2.3% in morning trading Wednesday, to pare earlier losses of as much as 5.0%. The stock was one of the top 5 decliners in the S&P 500's consumer discretionary sector (XLY), but the reason for the selloff isn't about the e-commerce giant's retail business. The stock's selloff comes after Microsoft Corp. (MSFT) warned late Tuesday about slowing growth in its cloud business. Meanwhile, Microsoft shares shed 3.0%. Amazon's cloud business, or AWS, generated $16.11 billion in sales during the third quarter, or 14.5% of total sales, while AWS operating income of $4.88 billion was 101% of total operating income of $4.85 billion. UBS analyst Lloyd Walmsley reiterated his buy rating on Amazon, but cut his stock price target to $118 from $121 and lowered his 2023 estimate for earnings per share to $1.46 from $1.58, saying the pace of deceleration of Microsoft's cloud business was "worrisome." Amazon's stock has slumped 22.0% over the past three months, while the Consumer Discretionary Select Sector ETF has shed 5.0% and the S&P 500 has gained 2.7%. Microsoft shares have shed 6.3% the past three months.

-Tomi Kilgore

	

(END) Dow Jones Newswires

January 25, 2023 11:10 ET (16:10 GMT)

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