Power Metal Resources Buys Back Shares for Treasury, Adjusts Voting Rights Base

Power Metal Resources Plc ( (GB:POW) ) has issued an announcement.

Power Metal Resources has repurchased 76,310 of its own ordinary shares at 15.0246p per share and will hold them in treasury, bringing its total treasury holding to 626,091 shares and leaving 114,984,346 ordinary shares in issue, which represent the company’s total voting rights. The move slightly reduces the freely tradable share count and clarifies the new base for shareholder transparency notifications, indicating continued use of capital management tools that can influence ownership structure and potential future distributions to investors.

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 global resource projects, targeting large-scale discoveries of precious, base and strategic metals. Its portfolio spans North America, Africa, Saudi Arabia, Oman and Australia, covering assets from early-stage greenfield exploration to more advanced drilling prospects, with a strategy of developing projects internally or via joint ventures before monetising them through disposals or separate listings and potentially returning value to shareholders via buybacks, dividends or in-specie distributions.

Average Trading Volume: 375,241

Technical Sentiment Signal: Buy

Current Market Cap: £17.28M

Find detailed analytics on POW stock on TipRanks’ Stock Analysis page.