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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an announcement.
Forrestania Resources Limited has issued 85,601 fully paid ordinary shares following the exercise of listed options, and has confirmed via a cleansing notice that the shares were issued without a prospectus while the company remains in compliance with its continuous and financial reporting obligations. The company also reiterated its strategy of pursuing additional tenure around its existing projects through ongoing acquisition negotiations, while cautioning that there is no certainty any of these potential transactions will be completed, a stance that underscores both its growth ambitions and the inherent uncertainty facing shareholders and other stakeholders regarding near-term expansion outcomes.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 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
Forrestania Resources Limited is a rapidly growing gold exploration and development company focused on building a portfolio of high-quality projects across Western Australia’s premier mining districts. Led by an experienced board, the company is expanding its footprint in the Southern Cross, Eastern Goldfields and Forrestania regions through disciplined exploration and selective acquisitions, targeting significant gold resources and additional exposure to gold and base metals near established mining operations.
Average Trading Volume: 2,175,811
Technical Sentiment Signal: Buy
Current Market Cap: A$421.2M
For an in-depth examination of FRS stock, go to TipRanks’ Overview page.