Australia's Pilot Energy eyes best day in nearly 3-1/2 years on premium placement
17/06/2024 03:19
** Shares of Pilot Energy PGY.AX rise as much as 38.9% to
A$0.025, set to climb most since Feb. 9, 2021- if current gains
hold
** Oil and gas explorer receives commitments to raise A$4
mln ($2.64 mln) at an issue price of A$0.022 per share
** Co says issue price is at a 22% premium to stock's last
close
** Stock hits its highest level since May 29
** About 13.2 mln shares change hands, compared with the
30-day average volume of 3.7 mln
** Stock down more than 30% this year, as of last close
($1 = 1.5152 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com;))