ALGO Gains 3.02% as Operations Resume and Financing Advances

As of November 13, 2025,

increased by 3.02% over the past 24 hours, reaching $0.1775. Over the last week, ALGO declined by 0.22%, remained unchanged over the past month, and experienced a 46.97% decrease in the past year.

Largo, a prominent company in the vanadium industry, shared notable updates following its Q3 2025 earnings report. The firm stated that operations are set to restart in late November 2025, with plans to ramp up to higher production volumes by the end of the year. These actions are in line with Largo’s strategy to enhance both its output and financial health.

After releasing its third-quarter results,

secured $23.4 million through a Registered Direct Offering and Private Placement. Alongside this, a binding term sheet with five Brazilian banks will provide $84.2 million in debt financing, allowing Largo to postpone principal payments until September 18, 2026, provided at least $22 million is raised through this financing. This approach to managing debt highlights Largo’s focus on preserving both operational and financial agility.

Largo also resolved a dispute with a business partner regarding the delivery of 900 tonnes of V₂O₅. The company agreed to supply the remaining amount by January 2026 and has given the partner the option to purchase an extra 0–500 tonnes between June and October 2028. This settlement underscores Largo’s dedication to meeting its commitments and sustaining partnerships in a competitive market.

The vanadium market continues to face difficulties. Prices in Europe and China have been pressured by weak demand from the steel and infrastructure industries, as well as excess supply from producers in China and Russia. On October 23, 2025, the European Union imposed sanctions on the largest vanadium producer outside China, further affecting the market. In contrast, the U.S. FeV market remains more robust, with prices 24% higher than those in Europe as of November 7, 2025. This difference illustrates how regional demand and policy changes can influence vanadium pricing.

Backtest Hypothesis

When examining ALGO’s price trends, it is crucial to factor in the role of major technical indicators and overall market momentum. Conducting a systematic backtest can help evaluate how effective a strategy based on certain price movements might be. For instance, one could test a method that focuses on a 5% increase in closing prices paired with a specific resistance level, using historical market data.

To perform such a backtest, it is necessary to define exactly what constitutes a “5% increase.” Is this a single day’s close-to-close gain, or does it refer to something like an intraday high compared to the previous close? Likewise, the resistance criterion must be specified—this might involve a 52-week high, a recent swing high (such as the highest point in the last 20 days), or a technical measure like the upper Bollinger Band. These choices will shape the backtest’s parameters and the types of market conditions it examines.

In addition, the rules for how long to hold a position or when to exit must be clearly set. Should the test track returns over a predetermined period, or should it use a rule such as exiting after reaching a certain profit or stop-loss? These factors are essential for building a thorough and reliable backtest.