Bullboard - Stock Discussion Forum Largo Inc T.LGO

Alternate Symbol(s): LGO

Metals & Mining Industrial Metals & Minerals

Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company... see more

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TSX:LGO - Post Discussion

Largo Inc > Share Prices

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Post by kha341 on May 16, 2024 9:10am

Share Prices

If the market believes that Largo still has a future in 2025 then a share price in the $2 - $3 range would not be a surprise to me in the short term. Largo acid-test ratio is healthy at 1.37 indicating that the company can easily pay its short term obligations (i.e within the next 12 months). The company working capital ratio is very strong at 2.58. Imho, the results of the next 3 Qs will determine the future of Largo. Delivery is key. A solid V2O5 recovery is also crucial.

Having said the above, I must add that it is extremely difficult to predict the share price of Largo considering the fact that short positions = ~1M shares thus making the stock a fertile ground for stock manipulation by short sellers.