NG Energy Shareholders Back Board Slate as Company Expands Equity Incentive Awards

NG Energy International ( (TSE:GASX) ) has issued an update.

NG Energy International Corp. reported that shareholders approved all resolutions at its latest annual general and special meeting, including setting the board at seven directors, electing the full slate of nominated directors, reappointing PricewaterhouseCoopers LLP as auditor, and re-approving its incentive stock option plan along with amendments to its restricted and deferred share unit compensation plan. Following the meeting, the board granted 9.25 million stock options, 5 million restricted share units and 300,000 deferred share units to directors, officers, employees and consultants, with the awards remaining subject to TSX Venture Exchange approval, illustrating the company’s continued use of equity-based compensation to align insiders and key personnel with its long-term growth objectives in the Colombian natural gas market.

The most recent analyst rating on (TSE:GASX) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on NG Energy International stock, see the TSE:GASX Stock Forecast page.

Spark’s Take on TSE:GASX Stock

According to Spark, TipRanks’ AI Analyst, TSE:GASX is a Underperform.

NG Energy International’s overall stock score is primarily impacted by its financial instability and weak technical indicators. The negative valuation metrics further contribute to a low score, reflecting significant risks for investors.

To see Spark’s full report on TSE:GASX stock, click here.

More about NG Energy International

NG Energy International Corp. is a growth-oriented natural gas exploration and production company focused on developing large-scale energy assets in the Americas, with a particular emphasis on Colombia’s premium-priced natural gas market. Leveraging extensive technical and capital markets expertise in South America, the company is expanding a rapidly growing production base, supported by over US$200 million raised in debt and equity, significant insider ownership, and existing gathering, processing and treatment infrastructure with capacity of 60 MMcf/d aimed at supporting an ambitious production growth trajectory.

Average Trading Volume: 262,978

Technical Sentiment Signal: Buy

Current Market Cap: C$286M

Find detailed analytics on GASX stock on TipRanks’ Stock Analysis page.