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The latest update is out from Comet Ridge Ltd ( (AU:COI) ).
Comet Ridge Ltd has announced a proposed issue of 55,000,000 warrants, each convertible into ordinary shares at an exercise price of $0.16 per share, with the issue date set for May 26, 2025. This move is likely to impact the company’s capital structure and could enhance its financial flexibility, potentially affecting its market positioning and stakeholder interests.
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 Ltd is a company operating in the energy sector, primarily focused on the exploration and development of coal seam gas resources. The company aims to supply natural gas to meet market demands, positioning itself as a key player in the energy industry.
Average Trading Volume: 1,068,262
Technical Sentiment Signal: Sell
Current Market Cap: A$161.5M
For detailed information about COI stock, go to TipRanks’ Stock Analysis page.