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

Nativo Resources plc (LON:NTVO) insider Stephen Birrell bought 4,286,694 shares of the firm’s stock in a transaction dated 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%

LON:NTVO opened at GBX 0.55 on Friday. The stock has a 50 day simple moving average of GBX 0.43 and a 200 day simple moving average of GBX 0.43. The stock has a market cap of £3.14 million, a P/E ratio of -0.04 and a beta of 1.50. Nativo Resources plc has a 1-year low of GBX 0.20 and a 1-year high of GBX 3.

Nativo Resources Company Profile

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.