Largo Resources Ltd (CVE:LGO) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$4.50 and last traded at C$0.00, with a volume of 0 shares changing hands.
Separately, Morgan Stanley set a C$6.00 target price on shares of Largo Resources and gave the company an “overweight” rating in a research note on Wednesday, October 24th.
In other news, Director Paulo Misk sold 160,000 shares of the stock in a transaction on Friday, October 12th. The shares were sold at an average price of C$3.54, for a total transaction of C$566,400.00. Also, insider Ernest Michael Cleave sold 33,333 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of C$2.73, for a total transaction of C$90,999.09. Insiders sold 840,288 shares of company stock valued at $1,034,664 in the last ninety days.
Largo Resources Ltd. is a natural resource development and exploration company. The Company is engaged in the acquisition, exploration, development and operation of mining and exploration properties located in Brazil and Canada. The Company operates through two segments: mine properties, and exploration and evaluation properties.
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