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An announcement from Forrestania Resources Limited ( (AU:FRS) ) is now available.
Forrestania Resources Limited has issued nearly 3 million fully paid shares to Topdrill as partial payment for drilling services, with the share price determined by a 5-day volume-weighted average. This strategic move allows the company to manage its financial obligations efficiently while maintaining compliance with relevant corporate regulations, potentially enhancing its liquidity and operational capacity.
More about Forrestania Resources Limited
Forrestania Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange under the ticker FRS and engages in activities related to resource extraction and asset development.
YTD Price Performance: 30.0%
Average Trading Volume: 1,192,577
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.13M
See more insights into FRS stock on TipRanks’ Stock Analysis page.
