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Forrestania Resources Director Increases Stake with New Share Acquisition

Story Highlights
  • Forrestania Resources announced a change in director John Hannaford’s indirect interests.
  • The director acquired 2,000,000 shares valued at $20,000, indicating confidence in the company.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

The latest announcement is out from Forrestania Resources Limited ( (AU:FRS) ).

Forrestania Resources Limited has announced a change in the director’s interest, specifically regarding John Hannaford’s indirect interests in various securities. The change involves the acquisition of 2,000,000 fully paid ordinary shares valued at $20,000, with no disposals reported. This update reflects the director’s increased stake in the company, potentially indicating confidence in the company’s future prospects and stability, which may reassure stakeholders and investors.

More about Forrestania Resources Limited

Average Trading Volume: 2,296,191

Technical Sentiment Signal: Buy

Current Market Cap: A$12M

See more data about FRS stock on TipRanks’ Stock Analysis page.

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