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Pilot Energy Limited ( (AU:PGY) ) just unveiled an update.
Pilot Energy Limited has issued 12,274,209 new shares to three consultants in lieu of cash payments for services rendered, opting to compensate these advisers through equity rather than cash. The company has lodged a cleansing notice confirming that the shares were issued without a prospectus under applicable Corporations Act provisions, and has affirmed its compliance with continuous disclosure and financial reporting obligations, signalling to the market that there is no excluded or undisclosed information affecting these securities.
The most recent analyst rating on (AU:PGY) stock is a Hold 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 company (ASX: PGY) operating in the energy sector. While this announcement does not detail its specific assets or projects, the company is focused on energy-related activities and engages consultants to support its corporate and operational requirements.
Technical Sentiment Signal: Sell
Current Market Cap: A$10.79M
See more insights into PGY stock on TipRanks’ Stock Analysis page.