Latest news with #SeanWade
Yahoo
18-05-2025
- Business
- Yahoo
Positive Signs As Multiple Insiders Buy Power Metal Resources Stock
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Power Metal Resources plc's (LON:POW) case, it's fantastic news for shareholders. While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Notably, that recent purchase by Sean Wade is the biggest insider purchase of Power Metal Resources shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£0.14. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices. Happily, we note that in the last year insiders paid UK£104k for 778.80k shares. On the other hand they divested 125.00k shares, for UK£21k. Overall, Power Metal Resources insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! View our latest analysis for Power Metal Resources There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them). It's good to see that Power Metal Resources insiders have made notable investments in the company's shares. In total, insiders bought UK£58k worth of shares in that time, and we didn't record any sales whatsoever. That shows some optimism about the company's future. Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Power Metal Resources insiders own 6.1% of the company, worth about UK£958k. However, it's possible that insiders might have an indirect interest through a more complex structure. Whilst better than nothing, we're not overly impressed by these holdings. It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Power Metal Resources insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Power Metal Resources. At Simply Wall St, we've found that Power Metal Resources has 3 warning signs (1 is potentially serious!) that deserve your attention before going any further with your analysis. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
31-01-2025
- Business
- Zawya
New copper deposits unearthed in Block 8 in Oman's North Al Batinah Governorate
MUSCAT - A UK-based mining exploration firm says it has uncovered evidence of new copper mineralization in Block 8 in North Al Batinah Governorate. This signaling a potentially significant deposit is set to further augment Oman's burgeoning role as a producer and exporter of this strategically important commodity. London-listed Power Metal Resources PLC said in a filing on Thursday that its majority-held subsidiary, Power Arabia Ltd, made the find as part of the Awtad Project, located within the 498 km2 concession extending some 130km north of Muscat City. The partnership of Australian exploration firm Alara Resources Ltd and Awtad Copper LLC of the Sultanate of Oman currently holds concession rights to the Block. However, in September last year, Power Metal signed a provisional agreement with the JV to acquire a 12.5 per stake in the Awtad Copper project. 'We're pleased to share an update on our ongoing exploration at Block 8 in Oman, where our majority-held subsidiary Power Arabia is making meaningful strides. Recent fieldwork has identified new copper mineralisation, reinforcing the project's potential as a key focus for Power Metal Resources,' the UK firm noted in a post on Thursday. Sean Wade, CEO of Power Metal Resources plc, commented: 'We continue to explore multiple avenues for a long-term funding solution for the Power Arabia business and look forward to updating shareholders in due course." Exploration work carried out by Power Arabia's technical team over the course of the last quarter of 2024 has led to two significant copper results: 4.46 per cent copper from an outcrop at the Al Maidar prospect, and 1.75 per cent copper from a malachite float sample in a previously unexplored area. 'The Company considers that the exploration work conducted to date on Block 8 has progressed extremely well in a short space of time, with the early identification of significant new copper mineralisation in the southern part of the concession. The technical team is building an excellent understanding of the geology and controls to mineralisation, and with the support to date of five Omani graduate geologists, Power Arabia is building a strong in-country team,' the company further noted. For Australia's Alara Resources, which has interests in several copper mining projects in Oman, the latest find consolidates its investment portfolio in the Sultanate. 'It is truly exciting to see new locations of copper mineralisation being discovered, further enhancing confidence in the previously identified Al Mansur prospect in the Block. Alara is committed to investing further by intensifying exploration activities in the block and looks forward to continuing our cooperation with Power Metals as they advance this promising endeavour," Atmavireshwar Sthapak, Alara's Managing Director, added. Significantly, the announcement comes amid a notable uptick in copper mining exploration, production, and export activities in Oman. Leading players in this key sector include Minerals Development Oman (MDO), the mining investment arm of Oman Investment Authority (OIA); MDO subsidiaries Mawarid Mining and Mazoon Mining; Oman Mining Company; Green Tech Mining Services; and Al Hadeetha Resources, among others. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
30-01-2025
- Business
- Observer
New copper deposits unearthed in Block 8 in North Al Batinah Governorate
MUSCAT: A UK-based mining exploration firm says it has uncovered evidence of new copper mineralization in Block 8 in North Al Batinah Governorate. This signaling a potentially significant deposit is set to further augment Oman's burgeoning role as a producer and exporter of this strategically important commodity. London-listed Power Metal Resources PLC said in a filing on Thursday that its majority-held subsidiary, Power Arabia Ltd, made the find as part of the Awtad Project, located within the 498 km2 concession extending some 130km north of Muscat City. The partnership of Australian exploration firm Alara Resources Ltd and Awtad Copper LLC of the Sultanate of Oman currently holds concession rights to the Block. However, in September last year, Power Metal signed a provisional agreement with the JV to acquire a 12.5 per stake in the Awtad Copper project. 'We're pleased to share an update on our ongoing exploration at Block 8 in Oman, where our majority-held subsidiary Power Arabia is making meaningful strides. Recent fieldwork has identified new copper mineralisation, reinforcing the project's potential as a key focus for Power Metal Resources,' the UK firm noted in a post on Thursday. Sean Wade, CEO of Power Metal Resources plc, commented: 'We continue to explore multiple avenues for a long-term funding solution for the Power Arabia business and look forward to updating shareholders in due course." Exploration work carried out by Power Arabia's technical team over the course of the last quarter of 2024 has led to two significant copper results: 4.46 per cent copper from an outcrop at the Al Maidar prospect, and 1.75 per cent copper from a malachite float sample in a previously unexplored area. 'The Company considers that the exploration work conducted to date on Block 8 has progressed extremely well in a short space of time, with the early identification of significant new copper mineralisation in the southern part of the concession. The technical team is building an excellent understanding of the geology and controls to mineralisation, and with the support to date of five Omani graduate geologists, Power Arabia is building a strong in-country team,' the company further noted. For Australia's Alara Resources, which has interests in several copper mining projects in Oman, the latest find consolidates its investment portfolio in the Sultanate. 'It is truly exciting to see new locations of copper mineralisation being discovered, further enhancing confidence in the previously identified Al Mansur prospect in the Block. Alara is committed to investing further by intensifying exploration activities in the block and looks forward to continuing our cooperation with Power Metals as they advance this promising endeavour," Atmavireshwar Sthapak, Alara's Managing Director, added. Significantly, the announcement comes amid a notable uptick in copper mining exploration, production, and export activities in Oman. Leading players in this key sector include Minerals Development Oman (MDO), the mining investment arm of Oman Investment Authority (OIA); MDO subsidiaries Mawarid Mining and Mazoon Mining; Oman Mining Company; Green Tech Mining Services; and Al Hadeetha Resources, among others.
