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Leaf Resources Limited ( (AU:FGH) ) has shared an update.
Foresta Group Holdings Limited has secured a final insurance settlement of A$2,400,000, bringing the total received to A$4,600,000 for damages at Apple Tree Creek in 2021. This successful outcome highlights the effective collaboration between the board and insurance professionals, strengthening Foresta’s financial position and supporting its strategic goals in the renewable resources sector.
More about Leaf Resources Limited
Foresta Group Holdings Limited is a leading company in the natural and renewable pine chemical and biomass pellet manufacturing industry. It aims to become a global supplier of these products, which are essential in industrial manufacturing and everyday items such as adhesives, inks, paint, car tyres, and perfume. The company has developed a proprietary process for extracting pine chemicals using the tree’s own solvents.
Average Trading Volume: 1,541,797
Technical Sentiment Signal: Sell
Current Market Cap: A$31.83M
See more insights into FGH stock on TipRanks’ Stock Analysis page.