Power Metal Resources (POW) was admitted to trading on the AIM market over a decade ago. The resources explorer has acquired interests in multiple projects across three continents, covering ten metals including uranium, lithium, tungsten and gold. Despite difficult market conditions in H1 2023, the company has lined up a news-rich period that we believe could see the depressed share price bounce back. For context, POW shares have fallen by 50% year-to-date to just 0.715p, a fall of 79.3% from a 3.45p high in early January 2021. For deep value investors with a reasonable risk appetite, we believe this could represent a buying opportunity.
25 Jul 2023
Power Metal Resources - Initiation Report
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Power Metal Resources - Initiation Report
Power Metal Resources Plc (POW:LON) | 13.0 0 0.0% | Mkt Cap: 14.9m
- Published:
25 Jul 2023 -
Author:
Charles Archer -
Pages:
24
Power Metal Resources (POW) was admitted to trading on the AIM market over a decade ago. The resources explorer has acquired interests in multiple projects across three continents, covering ten metals including uranium, lithium, tungsten and gold. Despite difficult market conditions in H1 2023, the company has lined up a news-rich period that we believe could see the depressed share price bounce back. For context, POW shares have fallen by 50% year-to-date to just 0.715p, a fall of 79.3% from a 3.45p high in early January 2021. For deep value investors with a reasonable risk appetite, we believe this could represent a buying opportunity.