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State Gas Seeks ASX Quotation for Nearly 1m New Shares

Story Highlights
  • State Gas is an Australian gas explorer and developer focused on domestic energy markets.
  • The company is listing 957,964 new fully paid ordinary shares on the ASX, modestly expanding its capital base and market liquidity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
State Gas Seeks ASX Quotation for Nearly 1m New Shares

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State Gas Ltd. ( (AU:GAS) ) just unveiled an update.

State Gas Ltd has applied for quotation on the ASX of 957,964 new fully paid ordinary shares, to be traded under the existing ticker GAS. The new securities result from the exercise or conversion of existing options or other convertible instruments, modestly expanding the company’s listed capital base and potentially improving liquidity for investors while funding ongoing activities.

The most recent analyst rating on (AU:GAS) stock is a Buy 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 Ltd is an Australian-listed energy company operating in the gas sector. Its primary business involves the exploration and development of natural gas resources, with a focus on supplying gas to domestic markets through projects that can be brought to commercial production and support energy demand.

Average Trading Volume: 627,809

Technical Sentiment Signal: Sell

Current Market Cap: A$11.03M

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

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