Power Metal Resources Buys Back Shares for Treasury, Updates Voting Rights

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

Power Metal Resources has repurchased 29,244 ordinary shares at 14.9378p per share through its joint broker, SP Angel, and will hold the stock in treasury, taking its total treasury holding to 549,781 shares. Following this transaction, the company’s issued share capital excluding treasury shares stands at 115,060,656 ordinary shares, which now represents the total voting rights for regulatory disclosure purposes under UK transparency 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 focused on financing and managing global resource projects with district-scale potential. Its diversified portfolio spans precious, base and strategic metal exploration across North America, Africa, Saudi Arabia, Oman and Australia, ranging from early-stage greenfield assets to drill-ready prospects. The company typically advances projects internally or via joint ventures before seeking value crystallisation through disposals or separate listings, with proceeds reinvested for growth or potentially returned to shareholders via mechanisms such as share buybacks or distributions of assets.

Average Trading Volume: 379,417

Technical Sentiment Signal: Buy

Current Market Cap: £16.76M

For detailed information about POW stock, go to TipRanks’ Stock Analysis page.