Largo Resources is Riding the Increase in Vanadium Prices with Guidance for Record Revenues

NEW YORK, NY / ACCESSWIRE / July 31, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Largo Resources Ltd. (OTCQX: LGORF), a Toronto-based strategic mineral company focused on the production of vanadium flake, high purity vanadium flake and high purity vanadium powder at the Maracás Menchen Mine located in Bahia State, Brazil.

On July 17th, 2018, the company provided guidance on its expected revenue for the three-month period ending June 30, 2018, anticipating revenue of between CDN$99 million and CDN$107 million, a new quarterly revenue record for the Company.

In March 2018, the company shares were trading at $.86 and have almost doubled since that time.

The vanadium market, analyst review and targets READ MORE

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The fundamental situation for vanadium is rapidly improving, with V2O5 prices continued to edge higher, which could put the company in a good starting position for the third quarter. Management continues to remain very optimistic for the year ahead as the Company begins the construction phase of the Maracás Menchen Mine expansion plan which will see capacity increase at the mine from a total of 800 tonnes produced per month of V2O5 to 1,000.

Q2 guidance, current financials and company review READ MORE

Copy and paste to your browser may be required to view the report – https://tradersnewssource.com/largo-resources/

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SOURCE: Traders News Source

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