Date: Oct 8, 2018
Since 2016, the market has become extremely attracted to vanadium penny stocks. And why not? With the rise of vanadium flow batteries, it was only a matter of time. But, like most mining penny stocks, vanadium stocks can have bad days.
For Largo Resources (TSX:LGO), today is not one of those days. In fact, the company seldom has bad days. Take what happened on August 16th, for instance.
Vanadium Penny Stocks: Largo Resources
On Wednesday, October 3rd, Toronto-based Largo Resources announced Q3 output results from its Maracas Menchen Mine. On the news, the LGO penny stock jumped 3%.
Overall, the production results were positive—hence the stock moving into the green zone.
In the third quarter, Largo Resources announced that it hit record quarterly vanadium pentoxide production, in addition to setting a new record for overall vanadium pentoxide rate last month.
