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.
The latest update is out from Forrestania Resources Limited ( (AU:FRS) ).
Forrestania Resources Limited announced a successful $360,000 capital raising through a non-brokered private placement of shares, with significant investment from Ultra Capital’s CEO, Daniel Raihani, who now holds a 7% interest in the company. The funds will be used to further explore the Ada Ann prospect at the Bonnie Vale project, reflecting strong investor confidence in the company’s exploration strategy and potential for gold discovery.
More about Forrestania Resources Limited
Forrestania Resources Limited operates in the mining industry, focusing on gold exploration and development. The company’s primary project is the Bonnie Vale Gold Project, where it conducts drilling programs to extend gold mineralization.
Average Trading Volume: 1,165,491
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.44M
See more data about FRS stock on TipRanks’ Stock Analysis page.
