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 +0.0%

Updated 9 Sep 2026 · Signals refresh every scan

Appeared in 2 consecutive scansFirst seen: 2026-03-16
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Active Signals

Bullish Signals

  • MACD momentum is losing steam
  • Volume surging at 40.0x normal while price falls — heavy selling pressure
  • Volume-price trend says buyers are quietly accumulating — price hasn't caught up yet
  • Volatility is contracting — like a spring being compressed, breakouts often follow
  • Strong cash runway (25 quarters)
  • 4C filed 2026-07-30
  • Very high P/S ratio (1247.2x)
  • Revenue in sharp decline (-30%)
  • Micro-cap ($5-20M) - high risk
  • CANSLIM S: Tight float (47%)
  • Sentiment is mixed — no strong consensus either way
  • Altman Z-Score grey zone (2.04, low-confidence approx)
  • Penny stock risk ($0.006)
  • Liquidity risk: 10 zero-volume days in last 20
  • Commodity (Crude Oil): strong_up (+7pts)
  • AUD/USD strong (-2pts)
  • RBA hiking (-3pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Revenue declining at -30% — the top line is shrinking
  • The bigger volume days are the down days — volume-weighted momentum is negative (-1.79%/day)

Expected next for FEL

30 Oct 2026Quarterly Cash Flow Report (4C)Estimated from past filings
Window: 23 Oct to 6 Nov
The last 9 moved FEL +3.0% on the day, on average — an observation, not a guide to what happens next.
Each date is labelled with how it is known. A date estimated from past filings is inferred from this company's own filing rhythm — it is not a confirmed date and not a statement about what the company intends to do. See the whole ASX calendar →

Recent Catalysts

NONE Quarterly Activities/Appendix 5B Cash Flow Report

Recent ASX Announcements

2026-07-30 Quarterly Activities/Appendix 5B Cash Flow Report PRICE SENSITIVE

Key Metrics

$5.2M
Market Cap
345K
Avg Volume
40.0x
Vol Ratio
$0.00 — $0.01
52-Week Range
N/A
Short Interest
20 qtrs
Cash Runway
-7.0%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 47%
LLeader vs LaggardlaggardRS: -8
IInstitutional SponsorshipweakInst: 1%
MMarket DirectionneutralNeutral

Sector: Energy

68 tickers in this sector

View all Energy signals →Browse all ASX tickers A–Z →
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Compare:FEL vs BLUFEL vs QEMFEL vs BNL
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