Australia's Pilot Energy slides on discounted placement
30/11/2022 01:11
** Shares of Pilot Energy Ltd PGY.AX fall as much as 5.9%
to A$0.016 - set to mark worst day since Oct 28, if losses hold
** Oil and gas explorer says it received commitments to
raise A$2.0 mln ($1.34 mln) in a placement
** Issue price of A$0.015 per share represents a 12%
discount to the stock's last closing price of A$0.017
** Stock hits lowest level since Nov 22
** About 2.3 mln shares change hands, almost 5 times the
30-day average volume
** Stock down 69.1% this year, as of last close
($1 = 1.4954 Australian dollars)
(Reporting by Poonam Behura in Bengaluru)
((Poonam.Behura@thomsonreuters.com;))