Comet Ridge Ltd (AU:COI)
ASX:COI
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COI Stock Chart & Stats
AU$0.15
<AU$0.01(3.70%)
At close: 4:00 PM EST
AU$0.15
<AU$0.01(3.70%)
Day’s Range― - ―
52-Week RangeAU$0.10 - AU$0.18
Previous CloseN/A
Volume569.02K
Average Volume (3M)337.20K
Market Cap
AU$155.54M
Enterprise ValueAU$155.83M
Total Cash (Recent Filing)AU$7.05M
Total Debt (Recent Filing)AU$7.34M
Price to Earnings (P/E)―
Beta0.76
Next Earnings
Sep 29, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,196,438,700
10 Day Avg. Volume505,534
30 Day Avg. Volume337,198
Financial Highlights & Ratios
PEG Ratio0.82
Price to Book (P/B)1.40
Price to Sales (P/S)40.29
P/FCF Ratio-5.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.21Price Target Upside36.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low Leverage / Improving Balance SheetLow leverage gives Comet Ridge runway to fund exploration and development without heavy interest burdens. Manageable debt reduces refinancing risk, supports negotiating farm-outs or JV terms, and provides flexibility to advance projects toward commercialisation while cash burn persists.
Return To RevenueRecognition of A$2.79M in FY2025 revenue signals early monetisation of gas assets or commercial activity. Continued and scalable revenue is the structural path to improving margins, supporting capex internally, and enabling longer-term offtake or partner commitments that underpin sustainable operations.
Narrowing Losses And Improved EBITProgress toward narrower losses and materially better EBIT reflects operational improvements and cost control. If sustained, this trend reduces dependence on external funding, lowers dilution risk, and marks movement from pure exploration spending to activities that generate positive operating leverage over the medium term.
Bears Say
Severe Negative Cash GenerationDeep negative operating and free cash flow demonstrate the company is consuming capital to sustain exploration and development. Persistent cash burn is structurally risky: it forces reliance on external financing, increases dilution or credit risk, and can delay project timelines and commercialisation unless cash inflows improve.
Persistent Unprofitability And Weak MarginsA large net loss and extremely negative margin show revenue is far below the cost base. Structurally weak profitability limits internal funding for development, heightens sensitivity to commodity or demand swings, and prolongs the time required to deliver positive returns to shareholders.
Negative Returns On EquityNegative ROE indicates the company’s equity is not earning acceptable returns and assets remain in appraisal or early-stage development. Over months this can erode investor support, raise the cost of capital, and complicate raising funds needed to transition assets into ongoing commercial cash generation.
Comet Ridge Ltd News
COI FAQ
What was Comet Ridge Ltd’s price range in the past 12 months?
Comet Ridge Ltd lowest share price was AU$0.10 and its highest was AU$0.17 in the past 12 months.
What is Comet Ridge Ltd’s market cap?
Comet Ridge Ltd’s market cap is AU$155.54M.
When is Comet Ridge Ltd’s upcoming earnings report date?
Comet Ridge Ltd’s upcoming earnings report date is Sep 29, 2026 which is in 96 days.
How were Comet Ridge Ltd’s earnings last quarter?
Comet Ridge Ltd released its earnings results on Mar 05, 2026. The company reported -AU$0.002 earnings per share for the quarter, missing the consensus estimate of N/A by -AU$0.002.
Is Comet Ridge Ltd overvalued?
According to Wall Street analysts Comet Ridge Ltd’s price is currently Undervalued.
Does Comet Ridge Ltd pay dividends?
Comet Ridge Ltd does not currently pay dividends.
What is Comet Ridge Ltd’s EPS estimate?
Comet Ridge Ltd’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Comet Ridge Ltd have?
Comet Ridge Ltd has 1,196,438,700 shares outstanding.
What happened to Comet Ridge Ltd’s price movement after its last earnings report?
Comet Ridge Ltd reported an EPS of -AU$0.002 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 7.407%.
Which hedge fund is a major shareholder of Comet Ridge Ltd?
Currently, no hedge funds are holding shares in AU:COI
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Comet Ridge Ltd Stock Smart Score
Outperform
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
AU$0.21 (36.67% Upside)
AU$0.21 (36.67% Upside)
Blogger Sentiment
Bullish
AU:COI Sentiment 100%
Sector Average 69%
Sector Average 69%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-31.25%
12-Months-Change
Fundamentals
Return on Equity
-4.27%
Trailing 12-Months
Asset Growth
-2.94%
Trailing 12-Months
Company Description
Comet Ridge Ltd
Comet Ridge Limited engages in the oil and gas exploration, appraisal, and development activities in Australia. The company’s flagship property is the Mahalo Gas Hub which consists of 2 reserves and 2 contingent resources of 676 petajoules located in southern Bowen Basin. Comet Ridge Limited was incorporated in 2003 and is based in Brisbane, Australia.
COI Stock 12 Month Forecast
Average Price Target
AU$0.21
▲(36.67% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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