An update from Leaf Resources Limited ( (AU:FGH) ) is now available.
Foresta Group Holdings Limited, operating in the pine chemicals and torrefied wood pellet industry, has reported a reduced operating loss for the half-year ended December 31, 2024, amounting to $1,766,358, compared to the previous year’s loss of $2,387,590. The company is advancing its development plan for a patented integrated plant in New Zealand, having secured a letter of intent with Lawter (NZ) Limited for product purchases and an exclusive license agreement with E3 Carbon for torrefaction technology. Additionally, Foresta has entered a convertible note agreement for AU$2,000,000 investment and is finalizing a property damage claim settlement related to a 2021 fire, with a total of $2,200,000 received under the claim.
More about Leaf Resources Limited
Average Trading Volume: 1,428,829
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$26.53M
For detailed information about FGH stock, go to TipRanks’ Stock Analysis page.