TORONTO, Jan. 24, 2019 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) is very pleased to announce it has ranked number one on the 2019 OTCQX® Best 50, a list of top performing companies traded on the OTCQX Best Market last year.
Mark Smith, Chief Executive Officer for Largo, stated: "Largo is extremely proud to receive the distinction of top performing company on the OTCQX in 2018 with a one-year total return of 93% and an 8,449% increase in average daily dollar volume. This accolade reflects a great year for Largo highlighted by exceptional production performance by way of multiple production records in addition to consecutively increasing production growth in 2018. We look forward to a great 2019 and would like to thank our shareholders for their continued support."
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2019 OTCQX Best 50 were ranked based on their performance in 2018.
About Largo Resources
Largo is 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. The Company's common shares are principally listed on the Toronto Stock Exchange under the symbol "LGO". For more information on Largo, please visit our website at www.largoresources.com.
Neither the Toronto Stock Exchange (nor its regulatory service provider) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE Largo Resources Ltd.
For further information: Alex Guthrie, Manager, Investor Relations and Communications, [email protected], Tel: +1 416‐861‐9797