Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Forrestania Resources Limited ( (AU:FRS) ) is now available.
Forrestania Resources Limited has announced a proposed placement involving the issue of up to 20 million new options, split into two tranches of 10 million options each, with a planned issue date of 27 January 2026. The move, disclosed to the ASX via an Appendix 3B filing, signals the company’s intention to expand its securities on issue, potentially providing additional funding flexibility and altering its capital structure, with implications for existing shareholders’ dilution and the company’s capacity to support future operational or strategic initiatives once the terms of the options are set.
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: 1,949,766
Technical Sentiment Signal: Buy
Current Market Cap: A$425.2M
For a thorough assessment of FRS stock, go to TipRanks’ Stock Analysis page.