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Pilot Energy Limited ( (AU:PGY) ) has shared an update.
Pilot Energy Limited has disclosed a significant change in director Bradley Lingo’s holdings, following the issue of new securities under a T2 placement. Lingo acquired 13,888,889 fully paid ordinary shares at $0.0036 per share, together with an equal number of unlisted attaching options exercisable at $0.0036 and expiring in February 2027.
After the transaction, Lingo’s interest increased to 1,888,889 ordinary shares and a larger portfolio of unlisted options, while his listed options position remained unchanged. The placement, conducted under ASX Listing Rule 10.11, strengthens the director’s equity stake and signals continued insider support for the company’s capital-raising strategy and longer-term funding needs.
The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.
More about Pilot Energy Limited
Pilot Energy Limited is an Australian-listed energy company focused on oil and gas and associated energy projects. The company’s securities include fully paid ordinary shares and a range of listed and unlisted options, reflecting its use of equity-based instruments to fund operations and align management with shareholder interests.
Average Trading Volume: 152,532
Technical Sentiment Signal: Sell
Current Market Cap: A$42.35M
See more insights into PGY stock on TipRanks’ Stock Analysis page.