Largo Resources (LGO) Stock Price Up 9%
Largo Resources Ltd (TSE:LGO)’s share price rose 9% during trading on Tuesday . The company traded as high as C$1.70 and last traded at C$1.69. Approximately 2,038,893 shares changed hands during trading, an increase of 62% from the average daily volume of 1,261,600 shares. The stock had previously closed at C$1.55.
LGO has been the subject of a number of analyst reports. HC Wainwright boosted their price objective on Largo Resources from C$5.10 to C$5.20 in a research report on Thursday, March 28th. CSFB lowered their price target on Largo Resources from C$2.50 to C$2.00 in a report on Thursday, March 28th. Finally, Morgan Stanley lowered their price target on Largo Resources from C$6.00 to C$4.00 in a report on Thursday, March 21st.
The company has a quick ratio of 1.78, a current ratio of 1.89 and a debt-to-equity ratio of 29.88. The firm has a market cap of $878.96 million and a PE ratio of 3.41.
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Largo Resources Company Profile (TSE:LGO)
Largo Resources Ltd., a natural resource development and exploration company, engages in the acquisition, exploration, and development of mining and exploration properties located in Brazil and Canada. The company primarily explores for vanadium, iron, tungsten, molybdenum, chromite, palladium, and platinum group metals.
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