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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an update.
Forrestania Resources Limited has notified the ASX of the issuance of 15 million unquoted options, split into three equal tranches with exercise prices of $0.40, $0.60 and $0.90, all expiring on 19 January 2029. The options, which are not intended to be quoted on the ASX, form part of a previously announced transaction and represent a structured incentive or funding mechanism that could, if exercised, provide additional capital and potentially dilute existing shareholders over the longer term.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.47 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: 1,782,016
Technical Sentiment Signal: Buy
Current Market Cap: A$359.5M
For detailed information about FRS stock, go to TipRanks’ Stock Analysis page.