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Echo Energy ( (GB:NTVO) ) has shared an announcement.
Nativo Resources Plc announced that its Executive Chairman, Christian Yates, and his wife, Rosemary Anne Yates, have purchased a significant number of shares in the company. Christian Yates acquired 636,059 shares, while Rosemary Anne Yates purchased 641,190 shares, both at a price of 0.3899 pence per share. This transaction increases their total interest to 4,767,644 shares, representing 0.93% of the company’s issued share capital. This move reflects confidence in the company’s strategic direction and may influence investor perceptions positively.
More about Echo Energy
Nativo Resources Plc is a gold-focused mining company with interests in Peru. The company is engaged in primary gold mining, gold ore processing, and the recovery of gold from tailings. Nativo has acquired or optioned several projects for development and aims to expand further. The company’s immediate goal is 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 as a long-term treasury reserve asset.
Average Trading Volume: 39,044,243
Technical Sentiment Signal: Sell
Current Market Cap: £1.97M
See more insights into NTVO stock on TipRanks’ Stock Analysis page.