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 is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology (VRFB). The Company is also engaged in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries.

TSX:LGO - Post by User

Largo Inc > New 52-week Low = C$2.66

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Comment by st_estebanon Dec 15, 2023 11:03am

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Post# 35786678

RE:New 52-week Low = C$2.66

Low V prices should be a cure for low V prices....

IMO, LGO share price already reflects market conditions including the low V price and much more. The current selling presure seems to be related to tax season and potentially some of the institutional investors or funds exiting their position.

"High trading volume" for Largo is a couple of 100k shares :). The flooat is tiny and a relatively smalll number of shares either from shorts or from an institution selling will have a huge impact of the share price.

Largo's current valuation is a gift and will not be around for long. I have been adding to my position and will continue to do so if the price continues to move down. I foresee, some instituions jumping in and buying at this price and this will put a lot of upward presure on the share price.... Of course, I could be wrong but at this point am willing to take my chances.

kha341 wrote:
C$LGO down 8.6% to close at C$2.66 amid a high volume of 125,415 = 3.4 x the average daily volume of 36,525 (Yahoo finance).

US$LGO, down 5.7% to close at US$1.99 amid a high volume of 235,805 = 4.1 x the average daily volume of 56,873 (Yahoo finance).

It’s going to get worse before it gets better. The prerequisite for 2024 to be a comeback year is a strong recovery of V2O5. Anything below US$8.00/lb would likely make 2024 another sea of red ink.