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An update from Echo Energy ( (GB:NTVO) ) is now available.
Nativo Resources plc has announced the conversion of a portion of its convertible loan notes into 27,034,414 new ordinary shares, which are set to be admitted to trading on the AIM market of the London Stock Exchange. This conversion increases the company’s total voting rights to 119,436,377, potentially enhancing its market presence and providing additional capital for its ongoing and future operations in the gold mining sector.
More about Echo Energy
Nativo Resources plc is involved in gold mining and exploration projects in Peru. The company operates through a 50:50 joint venture with a local partner, Boku, at the Tesoro Gold Concession, where it began production and sales of ore in December 2024. Nativo plans to establish its own gold ore processing plant to increase profit margins and has acquired a 100% interest in the Morrocota Gold Mine. The company is also exploring opportunities to recover gold and silver from regional tailings.
Average Trading Volume: 10,022,423
Technical Sentiment Signal: Strong Sell
Current Market Cap: £300.3K
Find detailed analytics on NTVO stock on TipRanks’ Stock Analysis page.