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Comet Ridge Ltd ( (AU:COI) ) has issued an update.
Comet Ridge Limited announced the resignation of Phil Hicks as Chief Financial Officer, effective 30 September 2025, as he pursues an external opportunity. Hicks, who joined the company in 2021, has been credited with enhancing financial and commercial rigor during his tenure. The company has initiated a search for his replacement, ensuring a smooth transition. Managing Director Tor McCaul expressed gratitude for Hicks’ contributions and support, highlighting the positive impact on the company’s operations.
The most recent analyst rating on (AU:COI) stock is a Hold with a A$0.21 price target. To see the full list of analyst forecasts on Comet Ridge Ltd stock, see the AU:COI Stock Forecast page.
More about Comet Ridge Ltd
Comet Ridge Limited is a publicly listed Australian energy company focused on developing natural gas resources for the east coast Australian market. The company holds tenement interests and prospective projects in Queensland, with its flagship Mahalo Gas Hub project offering low-cost, sales specification natural gas blocks. Comet Ridge aims to transition these assets into significant gas supply, collaborating with Santos QNT Pty Ltd on the Mahalo Gas Project.
Average Trading Volume: 829,236
Technical Sentiment Signal: Hold
Current Market Cap: A$179.5M
See more insights into COI stock on TipRanks’ Stock Analysis page.