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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an announcement.
Forrestania Resources Limited has disclosed that shareholders Adam Stewart Robert Turnbull and Premier Waterproofing Pty Ltd have ceased to be substantial holders in the company following a dilution of their stakes caused by a new share issue. According to the notice, their combined relevant interests of more than 36 million fully paid ordinary shares were diluted without any consideration changing hands, signaling a shift in the company’s shareholder register that may marginally alter voting dynamics and the distribution of influence among remaining major investors.
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
Average Trading Volume: 1,844,547
Technical Sentiment Signal: Buy
Current Market Cap: A$359.5M
See more insights into FRS stock on TipRanks’ Stock Analysis page.