Largo Resources (LGO) Stock Price Up 16.2%

Date: Nov 29, 2018

Largo Resources Ltd (TSE:LGO)’s share price rose 16.2% during mid-day trading on Wednesday . The company traded as high as C$3.38 and last traded at C$3.38. Approximately 1,596,602 shares were traded during trading, an increase of 77% from the average daily volume of 904,479 shares. The stock had previously closed at C$2.91.

LGO has been the topic of a number of research reports. HC Wainwright raised their price target on Largo Resources from C$5.00 to C$5.10 in a report on Wednesday, November 14th. Morgan Stanley reissued an “overweight” rating and set a C$6.00 price target on shares of Largo Resources in a report on Wednesday, October 24th.

The company has a debt-to-equity ratio of 61.89, a current ratio of 7.08 and a quick ratio of 6.64.

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