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An update from Power Metal Resources Plc ( (GB:POW) ) is now available.
Power Metal Resources has repurchased 102,997 of its own ordinary shares at 15.15p per share and will hold them in treasury, taking its treasury holding to 1,292,861 shares. Following this transaction, the company’s total voting rights now stand at 114,317,576 ordinary shares in issue excluding treasury, a figure that will be used by investors to assess and report any notifiable holdings under UK market 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 and project incubation company focused on financing and managing global resource projects, with an emphasis on large-scale discoveries. 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, with a strategy of advancing projects to a stage suitable for disposal, separate listing or other value-realisation events for shareholders.
Average Trading Volume: 414,040
Technical Sentiment Signal: Buy
Current Market Cap: £17.19M
Learn more about POW stock on TipRanks’ Stock Analysis page.