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Power Metal Resources Plc ( (GB:POW) ) just unveiled an announcement.
Power Metal Resources plc has repurchased 252,000 of its own ordinary shares at 15.4p each via its joint broker and will hold the shares in treasury, increasing its treasury holding to 1,944,861 shares. Following this transaction, the company’s total voting share capital stands at 113,665,576 ordinary shares in issue (excluding treasury holdings), a figure that will be used by investors for regulatory disclosure thresholds, and the move signals ongoing capital management that may support shareholder returns in line with its stated strategy of using value generated from project disposals for distributions and buybacks.
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 that finances and manages global resource projects, targeting large-scale discoveries across precious, base and strategic metals. Its diversified portfolio spans North America, Africa, Saudi Arabia, Oman and Australia, with interests ranging from early-stage greenfield exploration to more advanced drill-stage prospects, and a business model focused on advancing projects internally or via joint ventures before monetising them through disposals or separate listings, with potential returns to shareholders via buybacks, dividends or in-specie distributions.
Average Trading Volume: 409,208
Technical Sentiment Signal: Buy
Current Market Cap: £17.15M
For detailed information about POW stock, go to TipRanks’ Stock Analysis page.