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The latest update is out from Forrestania Resources Limited ( (AU:FRS) ).
Forrestania Resources Limited, an Australian mineral exploration company focused on battery and critical metals, is listed on the ASX under the ticker FRS. The company has issued 166,233,749 new unlisted options, each exercisable at $0.24 and expiring on 5 February 2029, as part of previously announced transactions, expanding its pool of unquoted equity securities and potentially increasing future capital inflows if the options are exercised, which may have implications for existing shareholders’ dilution and the company’s funding flexibility.
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 an Australian-listed exploration company focused on mineral resource projects, particularly in battery and critical metals, with its securities traded on the ASX under the code FRS.
Average Trading Volume: 2,286,279
Technical Sentiment Signal: Buy
Current Market Cap: A$407.7M
For an in-depth examination of FRS stock, go to TipRanks’ Overview page.