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Echo Energy ( (GB:NTVO) ) just unveiled an announcement.
Nativo Resources Plc has issued 3,833,333 new ordinary shares to creditors in lieu of cash payments, priced at 0.6 pence per share. These shares will be admitted to trading on AIM, increasing the total number of shares to 92,401,963. This move reflects Nativo’s strategic efforts to manage its financial obligations while maintaining its focus on expanding its gold mining operations in Peru.
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 at the Tesoro Gold Concession and has a 100% interest in the Morrocota Gold Mine. Nativo plans to establish its own gold ore processing plant to enhance profit margins and is exploring opportunities to recover gold and silver from regional tailings.
Average Trading Volume: 1,849,455
Technical Sentiment Signal: Strong Sell
Current Market Cap: £531.4K
For detailed information about NTVO stock, go to TipRanks’ Stock Analysis page.