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An update from Power Metal Resources Plc ( (GB:POW) ) is now available.
Power Metal Resources has repurchased 81,943 of its own ordinary shares at 14.679 pence per share via its joint broker and will hold the stock in treasury, increasing its treasury holding to 520,537 shares. Following this transaction, the company’s voting share capital stands at 115,089,900 ordinary shares in issue (excluding treasury shares), a level that determines shareholder voting rights and disclosure thresholds under UK market rules.
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 is a London-listed metals exploration company and project incubator that finances and manages resource projects worldwide, targeting large-scale discoveries. Its global portfolio spans precious, base and strategic metal exploration in North America, Africa, Saudi Arabia, Oman and Australia, covering assets from early-stage greenfield prospects to more advanced drill-stage projects, which it aims to advance and ultimately monetise through sales or separate listings.
Average Trading Volume: 379,417
Technical Sentiment Signal: Hold
Current Market Cap: £16.76M
Learn more about POW stock on TipRanks’ Stock Analysis page.