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Comet Ridge Ltd ( (AU:COI) ) has provided an announcement.
Comet Ridge Limited has announced the issuance of 55,000,000 unquoted warrants with an exercise price of $0.16 each, effective from May 26, 2025. This strategic move aims to strengthen the company’s financial position and support its ongoing projects, potentially enhancing its market presence and offering opportunities for stakeholders.
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 operates in the energy sector, focusing on the exploration and development of coal seam gas and other natural gas resources. The company is primarily engaged in the production of clean energy solutions to meet growing market demands.
Average Trading Volume: 1,012,599
Technical Sentiment Signal: Sell
Current Market Cap: A$167.5M
Learn more about COI stock on TipRanks’ Stock Analysis page.