LGO should reverse up soon, as demand for vanadium is raising, current supply is not enough.
Largo resources one of the lowest cost vanadium producers with main project in Brazil. Company explores for vanadium, iron, tungsten, and molybdenum. Earnings have been exploding due to appreciation in vanadium prices last year. I belive prices of Vanadium the 23 element in the atomic table will go north in the next few years which will be triggered by shortage...
Because of rising prices of Vanadium, LGO should rise as well. It is one of the biggest miner of V2O5. Vanadium redox battery can soon replace lithium batteries in electric vehicles and become best storage for renewable energy.
Very good R/R here if it break above recent high on the daily. Break out of downtrend after backtest
Flow rates and additional wells being completed weekly. Recovery play in infant stages, assuming all goes well operationally there should be plenty of upside considering current price.