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The latest announcement is out from Forrestania Resources Limited ( (AU:FRS) ).
Forrestania Resources Limited has applied to the ASX for quotation of 28,571,430 new fully paid ordinary shares, to trade under its existing code FRS. The securities, issued on 19 January 2026 under a previously announced transaction, will increase the company’s free float and potentially broaden its shareholder base, marking a notable capital markets step that may support future funding and operational flexibility.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.47 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: 1,782,016
Technical Sentiment Signal: Buy
Current Market Cap: A$359.5M
See more insights into FRS stock on TipRanks’ Stock Analysis page.