Nativo Resources (LON:NTVO) Insider Stephen Birrell Acquires 4,286,694 Shares of Stock

Nativo Resources plc (LON:NTVO) insider Stephen Birrell purchased 4,286,694 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was purchased at an average cost of GBX 1 per share, for a total transaction of £42,866.94.

Nativo Resources Trading Up 1.5%

Shares of LON:NTVO opened at GBX 0.55 on Friday. The company has a market cap of £3.45 million, a price-to-earnings ratio of -0.04 and a beta of 1.50. The company has a 50-day moving average price of GBX 0.44 and a 200-day moving average price of GBX 0.44. Nativo Resources plc has a 12 month low of GBX 0.20 and a 12 month high of GBX 3.

About Nativo Resources

Nativo has interests in gold projects in Peru. The Company’s strategy is based on three core activities: primary gold mining, gold ore processing, and the recovery of gold from tailings. The Company has already acquired or optioned several projects for development and has identified additional opportunities for expansion. Nativo’s nearest-term objective is to scale operations on the Tesoro Gold Concession, focusing on the Bonanza and Morrocota mines. Nativo intends to allocate portions of free cash flow from mining and processing activities, and from future fund raises, to Bitcoin purchases and to hold Bitcoin as a long-term treasury reserve asset.