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An update from Echo Energy ( (GB:NTVO) ) is now available.
Nativo Resources Plc has announced a proposed consolidation of its ordinary share capital, exchanging 1,500 existing shares for 1 new share, aimed at reducing share price volatility and making shares more attractive to institutional investors. The share consolidation is expected to stabilize the market price and improve shareholder value, with a general meeting scheduled to approve the proposal.
More about Echo Energy
Nativo Resources Plc is involved in gold mining and exploration projects in Peru. The company operates through a joint venture on the Tesoro Gold Concession and is set to acquire a full interest in the Morrocota Gold Mine. Nativo is also exploring low-cost strategies to exploit tailings deposits for gold recovery.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.27M
Learn more about NTVO stock on TipRanks’ Stock Analysis page.