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Forrestania Resources Limited ( (AU:FRS) ) has issued an update.
Forrestania Resources Limited has applied for quotation on the ASX of 5,500,000 new ordinary fully paid shares, to be issued on 27 February 2026. The additional quoted securities will increase the company’s listed share base, potentially enhancing trading liquidity and providing further capital flexibility for its ongoing resources activities.
The issue of these new shares follows transactions previously flagged to the market through an earlier Appendix 3B lodgement. This step formalises the admission of the new securities to quotation, signalling progress in Forrestania Resources’ capital management plans and aligning its share register with prior corporate actions.
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 focused on mineral exploration and development. The company’s ordinary fully paid shares trade on the ASX under the ticker FRS, giving investors exposure to its exploration assets and growth potential in the resources sector.
Average Trading Volume: 2,855,861
Technical Sentiment Signal: Buy
Current Market Cap: A$549.1M
See more data about FRS stock on TipRanks’ Stock Analysis page.