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Largo Resources Ltd

Largo Resources rises sharply on first day of trading on OTCQB

The first day of trading on the OTCQB was a good one for the miner, with shares rising 10.2%

Share price rise: The first day of over-the-counter trading for Largo Resources was a good one
The shares rose sharply on the OTCQB (and, of course, in Toronto trading as well)

Largo Resources Ltd (CVE:LGO, OTCMKTS:LGORF) has received approval for trading on the OTCQB Venture Marketplace in the USA.

The Venture Marketplace is typically for early-stage growth companies, and is a regulated exchange, albeit with less rigorous listing requirements. The OTCQB is for so-called over-the-counter (OTC) stock trading.

Mark Smith, president and chief executive officer of Largo, said: "With a meaningful amount of Largo's ownership located in the United States, this trading approval marks another milestone for the company as it aims to increase visibility among retail and institutional investors, as well as enhance and improve liquidity."

The first day of trading on the OTCQB was a good one for the miner, with shares rising 10.2% to US$0.493. In Toronto, the shares closed at C$0.64 on Tuesday, up 6.7%.

Quick facts: Largo Resources Ltd

Price: $1.36

Market: TSX
Market Cap: $723.02 m
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