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Power Metal Resources Plc ( (GB:POW) ) has provided an update.
Power Metal Resources has repurchased 148,579 of its own ordinary shares at 15.2043p per share via its joint broker SP Angel Corporate Finance, and will hold the stock in treasury, increasing its treasury holdings to 1,189,864 shares. Following this transaction, the company’s total voting share capital stands at 114,420,573 ordinary shares in issue excluding treasury stock, an adjustment that may affect shareholders’ calculations of voting rights and disclosure thresholds under UK transparency rules and underscores the company’s stated willingness to use share buy-backs as part of its broader capital allocation and value-return strategy.
Spark’s Take on GB:POW Stock
According to Spark, TipRanks’ AI Analyst, GB:POW is a Neutral.
Power Metal Resources Plc’s overall score reflects strong revenue growth and a solid balance sheet, partially offset by operational challenges and negative cash flows. The stock’s undervaluation provides an opportunity, while technical indicators suggest caution due to bearish trends.
To see Spark’s full report on GB:POW stock, click here.
More about Power Metal Resources Plc
Power Metal Resources Plc is a London-listed metals exploration company and project incubator focused on financing and managing global precious, base and strategic metal projects, with a principal emphasis on district-scale opportunities. Its diversified portfolio spans North America, Africa, Saudi Arabia, Oman and Australia, covering assets from early-stage greenfield exploration through to more advanced prospects under drilling, with a strategy of developing projects internally or via joint ventures before crystallising value through disposals or separate listings and potentially returning capital to shareholders via mechanisms such as buy-backs and dividends.
Average Trading Volume: 406,341
Technical Sentiment Signal: Buy
Current Market Cap: £18.04M
For a thorough assessment of POW stock, go to TipRanks’ Stock Analysis page.