Why did PGY.AX stock drop 25% today?

The 25.00% drop on 23 Feb 2026 coincided with very low trading volume (298000.00). There was no clear company announcement; the move likely reflects liquidity-driven selling and short-term order flow rather than sector weakness.

What is Meyka AI's forecast for PGY.AX stock?

Meyka AI's forecast model projects **A$0.00400** over 12 months for PGY.AX stock, implying **+33.33%** upside versus A$0.003. Forecasts are model-based projections and not guarantees.

Is PGY.AX a buy after the drop?

Given negative EPS, low current ratio, and high leverage, PGY.AX is high risk. Meyka AI gives Grade B (HOLD). Investors should wait for clear catalysts or improved liquidity before buying.

What catalysts could change PGY.AX's outlook?

Positive exploration results in EP416/EP480, new farm-in partners, progress on blue hydrogen projects, or a successful capital raise would be meaningful catalysts for PGY.AX stock.

AU Stocks

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

ByHuzaifa Zahoor February 23, 2026

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.