Hi there,
To be frank, I am not entirely sure why LGO saw such a spike near end of day. It has seen increased volume over the past couple of weeks after it posted quarterly results taht topped expectations. It also launched a spinout company called Largo Clean Energy that is focused on "vertically integrated vanadium redox flow battery ("VRFB") business to provide clean energy storage systems to the fast-growing, long-duration renewable energy storage market"
However, not sure any of that explains why there was such a huge jump in volume on Friday. It could be a sign of a major player unloading its stake ( a bearish sign). On the flip side, the shares were scooped up which indicates strong demand.
Overall, given the lack of any news or update - it is a little odd to see such a huge spike in volume. I tried looking to see if there was any news of pre-arranged selling by insiders (which can happen and is usually not a concern), but could not find anything.
Mat