31LOW

FEL

FORTE ENE FPO [FEL]
Forte Energy Limited engages in the exploration of oil and gas properties in Australia. It holds a 100% interest in the WA-424-P hydrocarbon exploration permit located in the Browse Basin offshore Northwestern Australia. The company was formerly known as IPB Petroleum Limited and changed its name to Forte Energy Limited in February 2026. The company was founded in 2009 and is based in West Perth, Australia.
Energy · ASX Small Cap
$0.0060 -14.3%

Updated 17 Mar 2026 · Scores refresh every scan

Appeared in 2 consecutive scans→ Score -3First seen: 2026-03-16

Score Breakdown

Technical60
Catalyst66
Sentiment50
Fundamental45
Momentum50
Risk Gate31

Active Signals

Bullish Signals

  • Strong 5-day momentum (+20.0%)
  • Strong cash runway (25 quarters)
  • Very high P/S ratio (1663.0x)
  • Revenue in sharp decline (-30%)
  • Near 52-week high (100% of range)
  • Micro-cap ($5-20M) - high risk
  • Director buying detected (1 transactions)
  • Capital raise activity (1 events)
  • CANSLIM N: Near 52-week high (breakout territory)
  • CANSLIM S: Tight float (41%)
  • Sentiment is mixed — no strong consensus either way
  • Altman Z-Score grey zone (1.98, low-confidence approx)
  • Penny stock risk ($0.008)
  • Commodity (Crude Oil): strong_up (+5pts)
  • RBA hiking (-3pts)
  • Overseas risk_off (-3pts, S&P500 down, VIX 24)

Risk Signals

  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Insufficient data for momentum
  • ASX200 bearish (-1.3% 5d)

Recent Catalysts

NONE Half Year Report
NONE CLEANSING NOTICE AND CHANGE OF ASX CODE
NONE Change of Director's Interest Notice x 3
HIGH Alaskan Oil Lease Acquisition Completed

Recent ASX Announcements

2026-03-13 Half Year Report
2026-03-12 Alaskan Oil Lease Acquisition Completed PRICE SENSITIVE
2026-02-12 CLEANSING NOTICE AND CHANGE OF ASX CODE
2026-02-12 Change of Director's Interest Notice x 3
2026-02-12 Application for quotation of securities - IPB

Key Metrics

$6.9M
Market Cap
N/A
Avg Volume
1.8x
Vol Ratio
$0.01 — $0.01
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-7.0%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / CatalystspassNear 52w High
SSupply & DemandpassFloat: 41%
LLeader vs Laggardinsufficient_dataRS: 0
IInstitutional SponsorshipweakInst: 1%
MMarket DirectioncautionBearish

Sector: Energy

Ranked #67 of 80 · Sector avg: 36

View all Energy signals →
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