Shares of Largo Resources Ltd. (OTCMKTS:LGORD – Get Rating) dropped 1% during trading on Wednesday . The stock traded as low as $5.94 and last traded at $6.04. Approximately 53,431 shares changed hands during trading, a decline of 42% from the average daily volume of 92,876 shares. The stock had previously closed at $6.10.
Largo Resources Stock Performance
The firm’s 50 day simple moving average is $6.23 and its 200 day simple moving average is $5.93.
Largo Resources Company Profile
Largo Resources Ltd., a natural resource company, engages in the acquisition, exploration, development, and operation of mining and exploration properties in Brazil and Canada. It primarily explores for vanadium, iron, tungsten, and molybdenum deposits. The company holds 99.94% interest in the Maracás Menchen mine covering an area of 17,690 hectares located in the eastern Bahia State of Brazil.
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