Echo Energy (GB:ECHO) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Echo Energy PLC has issued over 1.2 billion new shares to settle the outstanding balance of a convertible loan, with admission of the shares to the London Stock Exchange’s AIM expected around mid-July 2024. Post-issue, the company’s total voting rights will equal the number of issued shares, which is over 21.6 billion. Additionally, Echo Energy has embarked on a joint venture in Peru, focusing on gold and silver production, with the aim of commencing cash flow generation by the end of 2024.
For further insights into GB:ECHO stock, check out TipRanks’ Stock Analysis page.