Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Leaf Resources Limited ( (AU:FGH) ) has shared an update.
Foresta (NZ) Limited, a subsidiary of Foresta Group Holdings, has signed a non-binding term sheet with Genesis Energy Limited to supply torrefied wood pellets for the Huntly Power Station in New Zealand. This agreement marks a significant step towards reducing New Zealand’s dependency on coal, aligning with Genesis’ strategy to enhance energy security and diversity through biomass, and supports Foresta’s mission to offer sustainable energy solutions. The agreement is contingent on Foresta’s successful development of a new production facility in Kawerau, which is expected to play a crucial role in the country’s transition to net zero emissions by 2050.
More about Leaf Resources Limited
FORESTA is a leading company in natural and renewable pine chemical and biomass pellet manufacturing. It aims to become a global supplier of these products, which are essential in various industrial manufacturing processes. The company has developed a proprietary process for extracting pine chemicals, such as rosin and terpenes, which are used in products like adhesives, inks, paint, and perfumes.
YTD Price Performance: 10.0%
Average Trading Volume: 2,230,340
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$29.18M
For detailed information about FGH stock, go to TipRanks’ Stock Analysis page.
