Largo Resources Ltd. (OTCMKTS:LGORD) was down 3.1% during mid-day trading on Tuesday . The company traded as low as $16.88 and last traded at $17.25. Approximately 124,801 shares changed hands during trading, an increase of 34% from the average daily volume of 92,876 shares. The stock had previously closed at $17.81.
A number of analysts have recently issued reports on LGORD shares. Royal Bank of Canada lifted their price objective on shares of Largo Resources from $15.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, March 22nd. HC Wainwright reaffirmed a “buy” rating and set a $25.00 price objective on shares of Largo Resources in a report on Friday, March 19th.
The business has a 50 day simple moving average of $15.03.
Largo Resources Ltd., a natural resource company, engages in the acquisition, exploration, development, and operation of mining and exploration properties in Brazil and Canada. It primarily explores for vanadium, iron, tungsten, and molybdenum deposits. The company holds 99.94% interest in the MaracÃ¡s Menchen mine covering an area of 17,690 hectares located in the eastern Bahia State of Brazil.
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