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Pilot Energy Seeks ASX Quotation for 527 Million New Shares

Story Highlights
  • Pilot Energy has applied to quote 527 million new fully paid ordinary shares on the ASX.
  • The large share issue will expand Pilot Energy’s quoted capital and could affect ownership and liquidity dynamics.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pilot Energy Seeks ASX Quotation for 527 Million New Shares

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Pilot Energy Limited ( (AU:PGY) ) just unveiled an announcement.

Pilot Energy Limited has applied to the ASX for quotation of 527,390,794 new fully paid ordinary shares under its issuer code PGY. The substantial new share issuance, which follows previously announced transactions, will expand the company’s quoted capital base and may have implications for its shareholder structure and market liquidity once the securities commence trading.

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

Technical Sentiment Signal: Sell

Current Market Cap: A$10.85M

See more data about PGY stock on TipRanks’ Stock Analysis page.

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