FRS
FORREST FPO [FRS]
Basic Materials · ASX Small Cap
$0.4170 -1.9%
Updated 26 Mar 2026 · Scores refresh every scan
Score Breakdown
Technical54
Catalyst62
Sentiment50
Fundamental62
Momentum79
Risk Gate46
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Active Signals
Bullish Signals
- RSI drifting toward oversold territory — worth watching
- Lagging the Small Ords index — relative strength of 0.68, underperforming its peers
- Trading above the 200-day average — the long-term trend is on your side
- Strong cash runway (21 quarters)
- Very high P/S ratio (102.5x)
- EPS estimates revised upward (+10pts)
- Capital raise activity (1 events)
- CANSLIM S: Tight float (34%)
- Sentiment is mixed — no strong consensus either way
- Strong long-term momentum — up 773% over the past year (excluding last month)
- Excellent risk-adjusted returns — Sharpe of 2.4 means strong gains without wild swings
- The bigger volume days are the up days — volume-weighted momentum is positive (0.32%/day)
- Altman Z-Score grey zone (1.82, low-confidence approx)
- RBA hiking (-3pts)
Risk Signals
- Trading below both moving averages — the trend is working against this one
- Piotroski F-Score weak (3/9, low-confidence approx)
- Deeply negative margins (-234%)
- Not enough chatter to gauge sentiment — defaulting to neutral
- Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts
MEDIUM Johnson Range Mineral Resource Estimate of 103,500oz
NONE Proposed issue of securities - FRS
NONE Application for quotation of securities - FRS
NONE Cleansing Statement
Recent ASX Announcements
| 2026-03-24 | Johnson Range Mineral Resource Estimate of 103,500oz PRICE SENSITIVE |
| 2026-03-24 | Proposed issue of securities - FRS |
| 2026-03-20 | Application for quotation of securities - FRS |
| 2026-03-18 | Cleansing Statement |
| 2026-03-18 | Application for quotation of securities - FRS |
Key Metrics
$431.0M
Market Cap
4.5M
Avg Volume
1.4x
Vol Ratio
$0.03 — $0.72
52-Week Range
0.0%
Short Interest
N/A
Cash Runway
-28.1%
ROE
-234.3%
Profit Margin
CANSLIM Analysis
| Factor | Rating | Detail | |
|---|---|---|---|
| C | Current EPS | fail | EPS Growth: 0% |
| A | Annual Earnings | fail | CAGR: 0% |
| N | New Highs / Catalysts | neutral | |
| S | Supply & Demand | pass | Float: 34% |
| L | Leader vs Laggard | pass | RS: 9 |
| I | Institutional Sponsorship | weak | Inst: 0% |
| M | Market Direction | neutral | Neutral |
Sector: Basic Materials
Ranked #458 of 558 · Sector avg: 46
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