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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an update.
Forrestania Resources has disclosed a change in the indirect holdings of director Daniel Raihani, reflecting an internal equity adjustment rather than a market transaction. The company reported that 1,475,000 performance rights held via 7 Enterprises Pty Ltd have vested, converting into an equal number of ordinary fully paid shares at nil consideration after the satisfaction of a shareholder‑approved vesting condition, increasing Raihani’s indirect shareholding to 31,475,000 shares and reducing his performance rights to 12,875,000, which may modestly realign his incentives with long‑term shareholder value.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
More about Forrestania Resources Limited
Average Trading Volume: 1,440,965
Technical Sentiment Signal: Buy
Current Market Cap: A$198.7M
For an in-depth examination of FRS stock, go to TipRanks’ Overview page.