Date: Nov 21, 2018
Largo Resources Ltd (TSE:LGO) shares were down 9.7% during mid-day trading on Tuesday . The company traded as low as C$3.52 and last traded at C$3.65. Approximately 1,221,203 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 859,106 shares. The stock had previously closed at C$4.04.
A number of research analysts have recently issued reports on LGO shares. Morgan Stanley reiterated an “overweight” rating and issued a C$6.00 target price on shares of Largo Resources in a research note on Wednesday, October 24th. HC Wainwright lifted their target price on shares of Largo Resources from C$5.00 to C$5.10 in a research note on Wednesday, November 14th.
The company has a quick ratio of 0.47, a current ratio of 1.26 and a debt-to-equity ratio of 198.17.
