Shares of Largo Resources Ltd (TSE:LGO) rose 7.2% during trading on Tuesday . The company traded as high as C$1.78 and last traded at C$1.78. Approximately 140,963 shares changed hands during trading, a decline of 88% from the average daily volume of 1,202,537 shares. The stock had previously closed at C$1.66.

LGO has been the subject of a number of research analyst reports. HC Wainwright upped their price objective on Largo Resources from C$5.10 to C$5.20 in a report on Thursday, March 28th. Morgan Stanley dropped their price objective on Largo Resources from C$6.00 to C$4.00 in a report on Thursday, March 21st. Finally, CSFB dropped their price objective on Largo Resources from C$2.50 to C$2.00 in a report on Thursday, March 28th.

The firm has a market cap of $942.78 million and a PE ratio of 4.45. The company has a quick ratio of 2.27, a current ratio of 2.55 and a debt-to-equity ratio of 8.04.

Largo Resources (TSE:LGO) last announced its quarterly earnings results on Tuesday, March 26th. The company reported C$0.16 earnings per share (EPS) for the quarter. The company had revenue of C$177.54 million during the quarter. As a group, research analysts expect that Largo Resources Ltd will post 0.43 EPS for the current year.

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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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