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The latest announcement is out from State Gas Ltd. ( (AU:GAS) ).
State Gas Limited has requested a voluntary suspension of trading in its securities on the ASX, leading to an immediate suspension from quotation under Listing Rule 17.2. The move comes as the company works to finalise negotiations on a proposed material asset sale involving its R&D pilot plant and to clarify the status of related R&D incentive claims.
The suspension is expected to remain in place until the market opens on 30 March 2026 or until State Gas releases an announcement updating investors on the asset sale and R&D claim status, whichever occurs first. The company said it is not aware of any reasons the suspension should be refused and provided no further information pending its forthcoming market update, leaving stakeholders waiting on clarity over a potentially significant transaction.
The most recent analyst rating on (AU:GAS) stock is a Hold with a A$0.04 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 energy company listed on the ASX under the code GAS. The company operates in the gas sector and has been developing an R&D pilot plant, indicating a focus on gas-related research, development and associated assets within the domestic energy market.
Average Trading Volume: 555,099
Technical Sentiment Signal: Hold
Current Market Cap: A$13M
For an in-depth examination of GAS stock, go to TipRanks’ Overview page.