Forrestania Resources Limited (ASX:FRS) Insider Daniel Raihani Buys 5,509,000 Shares

Forrestania Resources Limited (ASX:FRS) insider Daniel Raihani purchased 5,509,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of A$0.01 ($0.01) per share, with a total value of A$71,617.00 ($46,504.55).

Forrestania Resources Stock Performance

The stock has a market capitalization of $2.44 million, a price-to-earnings ratio of -1.47 and a beta of 1.01.

Forrestania Resources Company Profile

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.