Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Forrestania Resources Limited ( (AU:FRS) ) has shared an announcement.
Forrestania Resources Limited has issued 159,898 ordinary fully paid shares as part consideration for drilling services, reflecting a non-cash component in its exploration expenditure. The company stated that the shares were issued without a prospectus under relevant Corporations Act provisions and confirmed it remains compliant with its financial reporting and continuous disclosure obligations, indicating no undisclosed information material to investors’ assessment of the company or the new shares.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.69 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 gold exploration and development company focused on building a portfolio of high-quality projects across Western Australia’s premier mining districts. The company is advancing towards gold production, initially via its wholly owned Lake Johnston processing facility, while pursuing exploration and resource growth in the Southern Cross, Eastern Goldfields, Forrestania, Coolgardie and Menzies regions.
Average Trading Volume: 3,193,685
Technical Sentiment Signal: Buy
Current Market Cap: A$700.7M
Find detailed analytics on FRS stock on TipRanks’ Stock Analysis page.