Forrestania Resources (ASX:FRS) - Stock Price, News & Analysis

FRS Stock Overview

Forrestania Resources Limited engages in the exploration and development of mineral projects in Western Australia and Canada.

About the company

FRS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Risk Analysis

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (A$3M)

Makes less than USD$1m in revenue (A$0)

Has less than 1 year of cash runway

+ 1 more risk

Forrestania Resources Limited Competitors

Albion Resources

ASX:ALB

AU$3.7m

Narryer Metals

ASX:NYM

AU$3.9m

Errawarra Resources

ASX:ERW

AU$3.7m

Heavy Minerals

ASX:HVY

AU$4.1m

Price History & Performance

Summary of all time highs, changes and price drops for Forrestania Resources
Historical stock prices
Current Share Price	AU$0.016
52 Week High	AU$0.23
52 Week Low	AU$0.013
Beta	0.66
1 Month Change	-5.88%
3 Month Change	-46.67%
1 Year Change	-79.22%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-94.39%

Recent updates

Shareholder Returns

	FRS	AU Metals and Mining	AU Market
7D	-11.1%	0.05%	0.9%
1Y	-79.2%	-2.1%	5.6%

Return vs Industry: FRS underperformed the Australian Metals and Mining industry which returned -2.1% over the past year.

Return vs Market: FRS underperformed the Australian Market which returned 5.6% over the past year.

Price Volatility

Is FRS's price volatile compared to industry and market?
FRS volatility
FRS Average Weekly Movement	38.0%
Metals and Mining Industry Average Movement	12.4%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.6%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: FRS's share price has been volatile over the past 3 months.

Volatility Over Time: FRS's weekly volatility has increased from 27% to 38% over the past year.

About the Company

Founded	Employees	CEO	Website
2021	n/a	John Hannaford	forrestaniaresources.com.au

Forrestania Resources Limited engages in the exploration and development of mineral projects in Western Australia and Canada. It primarily explores for gold, lithium, and nickel deposits. The company was incorporated in 2021 and is based in West Perth, Australia.

Forrestania Resources Limited Fundamentals Summary

How do Forrestania Resources's earnings and revenue compare to its market cap?
FRS fundamental statistics
Market cap	AU$2.75m
Earnings (TTM)	-AU$4.23m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-0.6x

P/E Ratio

Is FRS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRS income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$4.23m
Earnings	-AU$4.23m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.026
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0.1%

How did FRS perform over the long term?

See historical performance and comparison

FRS Stock Overview

Rewards

Risk Analysis

Forrestania Resources Limited Competitors

ASX:ALB

AU$3.7m

ASX:NYM

AU$3.9m

ASX:ERW

AU$3.7m

ASX:HVY

AU$4.1m

Price History & Performance

Recent News & Updates

New major risk - Financial position

Forrestania Resources Limited Announces Management Changes

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million.

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million.

New major risk - Financial position

Forrestania Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.25 million.

Recent updates

New major risk - Financial position

Forrestania Resources Limited Announces Management Changes

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million.

Forrestania Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million.

New major risk - Financial position

Forrestania Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.25 million.

Forrestania Resources Limited, Annual General Meeting, Nov 29, 2023

New minor risk - Financial data availability

New minor risk - Financial data availability

New major risk - Shareholder dilution

New major risk - Share price stability

Forrestania Resources Provides an Update on Exploration Activities from Its Leonora/Eastern Goldfields Project Area

Forrestania Resources Limited Announces Successful Completion of Reverse Circulation Drilling Programme At Forrestania Lithium Project

Forrestania Resources Limited Provides Drilling Update for the Forrestania Project -Prospective for Significant Lithium, Gold, and Nickel Discoveries

Forrestania Resources Limited Announces Execution of Drilling Contract for its Second Lithium-Focussed Drill Program at the Forrestania Project

Forrestania Resources Limited Announce Plans for Drilling Programmes at the Company's Forrestania Project

Forrestania Resources Limited Announces Pegmatite Identified At New Calypso Prospect

Forrestania Resources Limited Phase 1 Lithium Drilling Program Completed At Forrestania

Less than half of directors are independent

Forrestania Resources Provides an Update on Exploration Activities from its Eastern Goldfields Project Area

Forrestania Resources Limited Provides Forrestania Project Lithium Drilling Update

Forrestania Resources Limited Announces Executive Changes

Forrestania Resources Limited Provides Exploration Update for Field Work at the Forrestania Project

Forrestania Resources Limited Provides Exploration Update for Field Work at the Forrestania Project

Forrestania Resources Limited, Annual General Meeting, Nov 28, 2022

Forrestania Resources Limited Provides Update on Exploration Activities for its Flagship Forrestania Project

Forrestania Resources Limited Announces Lithium Drilling to Commence At Forrestania Project

Forrestania Resources Limited Announces New Lithium Target Identified At Gemcutter

Pegmatite Identified At New Mousetraps Prospect Bannon POW Approval and Heritage Update

Forrestania Resources Limited Announces Strong Gold Results Continue At Black Prince

Forrestania Resources Limited Announces South Iron Cap East Lithium POW Approval; Exploration Programs Advancing

Forrestania Resources Limited Provides Lithium Exploration Update

Less than half of directors are independent

Forrestania Resources Limited Announces Mapping Identifies Surface Pegmatite

Forrestania Resources Limited Provides Update on High Grade Results At Lady Lila & Black Prince Option

Forrestania Resources Limited Announces Executive Changes

Forrestania Resources Advises Exploration Licence E29/1103 (Goongarrie) Granted at the Leonora Project

Forrestania Resources Limited Provides an Update on Its Lithium Prospects At Its 100% Owned Forrestania Project

Forrestania Resources Limited Announces Promising Results from Maiden Drilling Program At Lady Lila

Forrestania Resources Limited (ASX:FRS) acquired Forrestania Gold Project from Firefly Resources Limited (ASX:FFR) for AUD 1.8 million.

Forrestania Resources Limited has completed an IPO in the amount of AUD 5 million.

Shareholder Returns

Price Volatility

About the Company

Forrestania Resources Limited Fundamentals Summary

0.0x

-0.6x

Earnings & Revenue