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An announcement from Forrestania Resources Limited ( (AU:FRS) ) is now available.
Forrestania Resources Limited has applied for quotation of 18,099,679 new ordinary fully paid shares on the Australian Securities Exchange. The newly issued securities, to be quoted under the existing FRS code, expand the company’s listed share capital and may influence its capital structure and liquidity profile for shareholders.
The application, lodged as a new announcement dated 8 May 2026, formalises the admission of these securities to trading on the ASX. This step reflects the company’s ongoing capital market activities and could support future funding flexibility as it advances its resource exploration and development objectives.
The most recent analyst rating on (AU:FRS) stock is a Buy with a A$1.25 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 operating in the mining and exploration sector. The company is focused on discovering and developing mineral assets, and its ordinary fully paid shares trade on the ASX under the ticker FRS, providing investors exposure to its resource exploration activities.
Average Trading Volume: 3,985,417
Technical Sentiment Signal: Buy
Current Market Cap: A$633.6M
Learn more about FRS stock on TipRanks’ Stock Analysis page.