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 update.
Forrestania Resources Limited has applied to the ASX for quotation of 1,171,002 new ordinary fully paid shares, with an issue date of 1 April 2026. The additional securities, lodged under an Appendix 2A as a new announcement, will expand the company’s quoted share capital and may modestly increase liquidity for existing and prospective shareholders.
The application follows earlier disclosure of the underlying transaction in an Appendix 3B, indicating the issuance forms part of previously flagged capital management or funding activities. While the announcement is largely procedural, it formalises the listing of these new shares on the ASX and confirms regulatory compliance with the exchange’s listing rules for Forrestania Resources.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.49 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 resources company focused on mineral exploration and development. Its ordinary fully paid shares trade on the ASX under the ticker FRS, providing investors exposure to the mining and resources sector.
Average Trading Volume: 4,251,355
Technical Sentiment Signal: Buy
Current Market Cap: A$565.9M
Find detailed analytics on FRS stock on TipRanks’ Stock Analysis page.