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Echo Energy ( (GB:NTVO) ) has provided an update.
Nativo Resources Plc announced that Rosa Maria Diaz Torres, the wife of CEO Stephen Birrell, has purchased 762,797 ordinary shares of the company, increasing the total shares held by Birrell and his associates to 7,793,663, representing 1.51% of the company’s issued share capital. This transaction, conducted in accordance with the UK Market Abuse Regulation, signifies a vote of confidence in the company’s future prospects and may impact stakeholder perceptions positively.
More about Echo Energy
Nativo Resources Plc is a gold-focused mining company with interests in Peru. The company’s strategy revolves around primary gold mining, gold ore processing, and the recovery of gold from tailings. Nativo has acquired or optioned several projects for development and is looking to expand further. The company aims to scale operations on the Tesoro Gold Concession, particularly focusing on the Bonanza and Morrocota mines. Additionally, Nativo plans to allocate portions of its free cash flow and future fund raises to Bitcoin purchases, holding Bitcoin as a long-term treasury reserve asset.
Average Trading Volume: 38,782,759
Technical Sentiment Signal: Sell
Current Market Cap: £1.79M
For a thorough assessment of NTVO stock, go to TipRanks’ Stock Analysis page.