My takeImho, LGO looks more bearish than it really is. I believe that the main problem is the fact that Largo is an illiquid stock and there are no ready buyers.The lack of ready buyers can cause the share prices to drop quickly while there is no indication of a mass exit. The trading volume is really low. Amid the lack of liquidity you only need Anonymous et al playing a concerted game or some investors selling to make the prices retreat. And the tax loss selling season is here.
Having said the above I must add that Largo has a BUY rating from all professional analysts currently covering the company. The consensus price target is C$22.30. Sooner or later the sp will reflect the company’s strong fundamentals.
DYODD