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State Gas Ltd. ( (AU:GAS) ) has provided an update.
State Gas Limited has reported a change in the indirect interests of director Jon Stretch, reflecting his participation in a recently approved issue of convertible notes and associated options. Through the Stretch Family Trust, Stretch acquired two convertible notes and 833,334 convertible note options for $50,000, increasing his holdings to include these new securities in addition to his existing 6,162,669 ordinary shares, signalling continued director support for the company’s capital structure and funding arrangements.
The most recent analyst rating on (AU:GAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on State Gas Ltd. stock, see the AU:GAS Stock Forecast page.
More about State Gas Ltd.
State Gas Limited is an Australian-listed energy company active in the gas sector. The company is focused on the exploration, development and production of natural gas assets, supplying energy markets seeking reliable gas resources.
Average Trading Volume: 779,184
Technical Sentiment Signal: Sell
Current Market Cap: A$10.61M
See more data about GAS stock on TipRanks’ Stock Analysis page.