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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an update.
Forrestania Resources Limited has notified the market of the issue of new unquoted equity securities in the form of unlisted options, which will not be quoted on the ASX. The company is issuing a total of 20 million unlisted options across two new security classes, formalised under an Appendix 3G filing, indicating a move to further structure its incentive or financing arrangements without immediate dilution in the quoted share market.
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: 2,022,794
Technical Sentiment Signal: Buy
Current Market Cap: A$425.8M
Learn more about FRS stock on TipRanks’ Stock Analysis page.