PGY.AX Pilot Energy (ASX) falls 25% to A$0.003 on 23 Feb 2026: liquidity and outlook

PGY.AX stock dropped 25.00% to A$0.003 at market close on 23 Feb 2026, making it one of the ASX top losers today. The fall happened on low liquidity — volume was 298000.00 versus an average of 7,055,622.00 — and came without a clear company announcement. We examine why Pilot Energy Limited (PGY.AX) underperformed the Energy sector, review key metrics including EPS -0.01 and market cap A$6,512,790.00, and set a short-term forecast and watchlist for traders.