Nativo Resources (LON:NTVO) Insider Buys £25,720.16 in Stock

Nativo Resources plc (LON:NTVO) insider Christian Yates purchased 2,572,016 shares of Nativo Resources stock in a transaction on Wednesday, February 4th. The stock was bought at an average price of GBX 1 per share, with a total value of £25,720.16.

Nativo Resources Trading Up 1.5%

Shares of LON NTVO opened at GBX 0.55 on Friday. The firm has a market capitalization of £3.14 million, a P/E ratio of -0.04 and a beta of 1.50. The firm’s 50-day moving average price is GBX 0.43 and its 200-day moving average price is GBX 0.43. 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.