Insider Buying: Forrestania Resources (ASX:FRS) Insider Buys 10,000,000 Shares of Stock

Forrestania Resources Limited (ASX:FRS) insider Adam Turnbull purchased 10,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was bought at an average cost of A$0.15 per share, for a total transaction of A$1,500,000.00.

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.