Strike Energy Director Adjusts Custodial Structure of Shareholding

The latest update is out from Strike Energy Limited ( (AU:STX) ).

Strike Energy director John Poynton has reported a change in his indirect interest in the company’s shares, held through Mulloway Pty Ltd and custodian HSBC Custody Nominees. The total number of fully paid ordinary shares under his indirect control has been adjusted due to an off‑market transfer between custodial arrangements.

The transfer of 306,122 Strike Energy shares to HSBC Custody Nominees as custodian for Equities First Holdings occurred under an existing Master Loan Agreement and Deed of Security. The company states there is no change in Poynton’s beneficial ownership, with the shares serving as security within a margin lending facility rather than reflecting a disposal in the open market.

The most recent analyst rating on (AU:STX) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Strike Energy Limited stock, see the AU:STX Stock Forecast page.

More about Strike Energy Limited

Strike Energy Limited is an Australian energy company focused on the exploration and development of natural gas resources. It is listed on the ASX and its activities centre on upstream gas assets that support domestic energy supply, positioning the company within the broader oil and gas and energy transition sector.

Average Trading Volume: 6,987,239

Technical Sentiment Signal: Sell

Current Market Cap: A$413.9M

For an in-depth examination of STX stock, go to TipRanks’ Overview page.