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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an announcement.
Forrestania Resources Limited has applied for quotation of 652,500 new ordinary fully paid shares on the ASX, following the exercise or conversion of existing options or other convertible securities. The additional securities modestly expand the company’s issued capital base, potentially improving trading liquidity and reflecting ongoing stakeholder participation in its equity structure.
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, giving investors exposure to the company’s portfolio of exploration projects and its growth initiatives in the resources sector.
Average Trading Volume: 4,251,355
Technical Sentiment Signal: Buy
Current Market Cap: A$565.9M
See more data about FRS stock on TipRanks’ Stock Analysis page.