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Echo Energy ( (GB:NTVO) ) just unveiled an update.
Nativo Resources Plc announced the approval of a share consolidation at its General Meeting, converting every 1,500 ordinary shares into one new share. This move reduces the total number of shares and changes the ISIN, impacting shareholder calculations under regulatory rules. The consolidation is part of Nativo’s strategic efforts to streamline its capital structure as it expands 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 at the Tesoro Gold Concession and has begun production and sales of ore. It also plans to acquire a 100% interest in the Morrocota Gold Mine and aims to establish its own gold ore processing plant. Additionally, Nativo holds the Ana Lucia Polymetallic concession and is exploring strategies to exploit tailings deposits for gold recovery.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.12M
For a thorough assessment of NTVO stock, go to TipRanks’ Stock Analysis page.