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An update from State Gas Ltd. ( (AU:GAS) ) is now available.
State Gas Limited has disclosed a change in director Philip St Baker’s relevant interests following his participation in a recently shareholder-approved issue of convertible notes and associated options. Through the P&P St Baker Family Trust, of which he is a trustee and beneficiary, St Baker has acquired 13 convertible notes and 5,416,671 convertible note options for a consideration of $325,000, in addition to his existing indirect holdings in the company’s ordinary shares via both the trust and St Baker Sunset Holdings Pty Ltd. The updated notice confirms his enlarged exposure to the company’s capital structure, underscoring continued insider financial commitment without any trades occurring during a closed period or changes to contractual interests.
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 focused on the exploration and development of gas resources. The company operates within the oil and gas sector, with its primary activities centred on identifying, appraising and commercialising gas assets to supply domestic and potentially export markets.
Average Trading Volume: 779,184
Technical Sentiment Signal: Sell
Current Market Cap: A$10.61M
Learn more about GAS stock on TipRanks’ Stock Analysis page.