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Largo Receives Notification Regarding Minimum Bid Price Deficiency on Nasdaq

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Largo (LGO.TO) has received notification regarding its minimum bid price deficiency on the Nasdaq Stock Market, the vanadium producer said Friday.

Largo said it failed to comply with the minimum bid price requirement since the closing bid price for the company's common shares listed on Nasdaq fell below US$1.00 for 30 consecutive business days.

The company said the notification doesn't impact its Nasdaq listing at this time, and it intends to evaluate its to resolve the deficiency and regain compliance. Largo added that the notification does not impact its listing on the Toronto Stock Exchange. The stock last traded at C$1.04 on the TSX, up 4% at Thursday's close.

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