Vanadium Miner Rises on Financial Results

Largo Resources Ltd. (TSX:LGO), a vanadium miner, jumped on record production, net income

Sean Mason | March 27, 2019 | SmallCapPower

Record production plus financial results powered shares of a vanadium miner Wednesday. Here’s some small stocks making big moves on Wednesday, March 27, 2019 (as of 11:30 am EST):

Largo Resources Ltd. (TSX:LGO) shares gained 8% to $2.35 on Wednesday after the vanadium miner announced fiscal 2018 net income of $316.0 million on record production of 9,830 tonnes of V2O5 , representing the strongest year of earnings and production for the Company since the beginning of operations in 2014.

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As well, shares of Reliq Health Technologies Inc. (TSXV:RHT) climbed 9% to $0.29 as the mobile health technology provider said it has signed paid pilot agreements with new clients in five states to conduct 30-90 day trials of Reliq’s iUGO Care remote patient monitoring, telemedicine and chronic care management platform.

DIAGNOS Inc. (TSXV:ADK), meanwhile, reported the signing of a memorandum of understanding with one of the five largest hospitals in the United States for the final development of DIAGNOS’ CARDIO application. CARDIO is an application that predicts the future risk of a patient having a stroke or other conditions that may lead to a stroke. DIAGNOS stock moved up 40% to $0.035 following the announcement.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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