Foresta Group Issues 7.5 Million Shares with ASX Cleansing Notice

The latest update is out from Leaf Resources Limited ( (AU:FGH) ).

Foresta Group Holdings has issued 7.5 million fully paid ordinary shares and has lodged a cleansing notice with the ASX under section 708A(5)(e) of the Corporations Act to ensure these securities can be traded without a prospectus. The company confirmed it has complied with its financial reporting and continuous disclosure obligations and that there is no excluded information, signalling regulatory compliance and transparency around the new share issuance for investors.

The most recent analyst rating on (AU:FGH) stock is a Hold with a A$0.04 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 Limited is a natural and renewable pine chemical and biomass pellet manufacturer aiming to become a leading global supplier in these markets. The company uses a proprietary process that leverages the tree’s own solvent chemicals to extract rosin and terpenes, which are used as key inputs in industrial products such as adhesives, gum, inks, paint, car tyres and perfumes.

Average Trading Volume: 1,094,252

Technical Sentiment Signal: Buy

Current Market Cap: A$99.76M

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