39LOW

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
$0.0070 +0.0%

Updated 26 Mar 2026 · Scores refresh every scan

Appeared in 2 consecutive scans→ Score +5First seen: 2026-03-16

Score Breakdown

Technical60
Catalyst49
Sentiment50
Fundamental40
Momentum50
Risk Gate31
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Active Signals

Bullish Signals

  • Strong 5-day momentum (+16.7%)
  • Strong cash runway (25 quarters)
  • Very high P/S ratio (1455.1x)
  • Revenue in sharp decline (-30%)
  • Micro-cap ($5-20M) - high risk
  • Capital raise activity (1 events)
  • CANSLIM S: Tight float (46%)
  • Sentiment is mixed — no strong consensus either way
  • Altman Z-Score grey zone (2.00, low-confidence approx)
  • Penny stock risk ($0.007)
  • Commodity (Crude Oil): strong_up (+5pts)
  • RBA hiking (-3pts)

Risk Signals

  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Insufficient data for momentum
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE AWARD OF HIGHLY PROSPECTIVE ALASKAN LEASES
NONE Half Year Report
NONE CLEANSING NOTICE AND CHANGE OF ASX CODE
NEGATIVE Trading Halt
HIGH Alaskan Oil Lease Acquisition Completed
Announcement tone +3pts

Recent ASX Announcements

2026-03-23 AWARD OF HIGHLY PROSPECTIVE ALASKAN LEASES PRICE SENSITIVE
2026-03-18 Trading Halt PRICE SENSITIVE
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

Key Metrics

$6.1M
Market Cap
N/A
Avg Volume
0.7x
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 / Catalystsneutral
SSupply & DemandpassFloat: 46%
LLeader vs Laggardinsufficient_dataRS: 0
IInstitutional SponsorshipweakInst: 1%
MMarket DirectionneutralNeutral

Sector: Energy

Ranked #68 of 77 · Sector avg: 49

View all Energy signals →
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