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Ovoca Gold ( (GB:OVB) ) has issued an announcement.
Ovoca Bio PLC, a company previously focused on biopharmaceuticals, has announced a strategic shift by entering into a conditional agreement to acquire Tadeen International Limited, which holds mineral exploration licenses in Morocco. This acquisition marks a significant change in Ovoca’s business direction, transitioning from biopharmaceuticals to mineral exploration, and involves a reverse takeover that will require shareholder approval and re-admission to AIM. The company plans to rename itself to align with its new focus and intends to cancel its Euronext Growth listing to consolidate trading on AIM, aiming to streamline operations and reduce costs.
More about Ovoca Gold
Average Trading Volume: 83,535
Technical Sentiment Signal: Sell
Current Market Cap: £1.04M
See more data about OVB stock on TipRanks’ Stock Analysis page.