Closing Bell: Largo Resources Ltd down on Tuesday (LGO)

In market activity today, Largo Resources Ltd shares closed at $2.79 after opening the day at $2.89. Intraday prices ranged from a low of $2.79 to a high of $2.90.

Shares eased -3.46% from the previous day's close of $2.89.

Today across North America, the TSX Composite closed -0.26% at 22813.75, the S&P 500 closed 1.08% at 5564.41, the Dow Jones Industrial Average closed 0.32% at 40415.44 and the Nasdaq Composite closed 1.58% at 18007.57.

Largo Resources Ltd traded under LGO on the Toronto Stock Exchange (TSX).

Trading volume was 15,567 on 79 total trades, while having an average volume of 47,359 over the last 5-days.

The TSX overall saw 3,093 price advancers against 2,137 declines and 96 unchanged.

During the prior 52 weeks, LGO.TO has traded as high as $6.25 (July 31,2023) and low as $1.89 (April 18,2024). Moreover, the shares have shrunken -53.58% in 52 weeks, while in 2024, they have lost -8.52%.

Following today's trading, Largo Resources Ltd has a market capitalization of $185.17 million on a float of 64,072 shares outstanding. Its annual EPS is $-0.65.

Largo Resources Ltd is a TSX Industrial Metals Minerals company headquartered in Toronto, CAN.

Currently, Largo Resources Ltd's consensus rating is "Moderate Buy" based on 3 analysts according to Zacks. From those 3 analysts, 2 have buy ratings and 1 analysts gave hold ratings.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..