Foresta Group Issues 100,000 Shares and Lodges Cleansing Notice

An update from Leaf Resources Limited ( (AU:FGH) ) is now available.

Foresta Group Holdings has issued 100,000 fully paid ordinary shares and provided a cleansing notice to the ASX in accordance with section 708A(5)(e) of the Corporations Act 2001. The company confirms the shares were issued without a prospectus, that it is compliant with its financial reporting and continuous disclosure obligations, and that there is no excluded information, helping ensure the new shares can be traded freely and maintaining transparency for investors.

The most recent analyst rating on (AU:FGH) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Leaf Resources Limited stock, see the AU:FGH Stock Forecast page.

More about Leaf Resources Limited

Foresta Group Holdings is a natural and renewable pine chemical and biomass pellet manufacturing company aiming to become a leading global supplier in these markets. It has developed a proprietary process that uses the tree’s own solvent chemicals to extract rosin and terpenes, which are used in a wide range of industrial products such as adhesives, gums, inks, paints, car tyres and perfumes.

Average Trading Volume: 761,325

Technical Sentiment Signal: Sell

Current Market Cap: A$74.31M

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