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The latest update is out from Echo Energy ( (GB:NTVO) ).
Nativo Resources Plc has announced the conversion of £52,500 worth of convertible loan notes into 27,034,414 new ordinary shares, which are set to be admitted to trading on AIM. This move increases the company’s total ordinary share capital to 119,436,377 shares, potentially enhancing its market liquidity and investor interest. The issuance of new shares aligns with Nativo’s strategic focus on expanding its gold mining operations in Peru and could provide additional capital for future growth initiatives.
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 owns 50% of the production and resources. Nativo has also acquired a 100% interest in the Morrocota Gold Mine and is exploring opportunities to recover and sell gold and silver from regional tailings dumps.
Average Trading Volume: 10,022,423
Technical Sentiment Signal: Strong Sell
Current Market Cap: £300.3K
For detailed information about NTVO stock, go to TipRanks’ Stock Analysis page.