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$173.48M
Enterprise ValueAU$166.67M
Total Cash (Recent Filing)AU$7.05M
Total Debt (Recent Filing)AU$229.00K
Price to Earnings (P/E)―
Beta0.66
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 Ratio0.00
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$0.14Price Target Upside-6.67% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low LeverageA low debt-to-equity ratio (≈0.09) materially reduces solvency and interest-pressure risk over the medium term. This balance-sheet flexibility supports continued upstream appraisal and development activity, improves funding optionality for projects and joint ventures, and lowers refinancing vulnerability.
Revenue ResumptionThe return of meaningful revenue (A$2.79M in FY2025) signals initial commercialisation or monetisation of assets. Sustained revenue generation, even if small, is a structural step toward scaling operations, improving cash conversion prospects and reducing sole reliance on financing to fund ongoing exploration and development.
Stronger Equity PositionAn increased equity base versus prior years provides a longer runway to absorb ongoing exploration losses and fund project progression without excessive leverage. A stronger equity position enhances credibility with partners, eases negotiation of farm-outs or JV terms, and supports capital-intensive development timelines.
Bears Say
Negative Cash Flow BurnConsistently negative operating cash flow and a sharply negative free cash flow imply the business is burning cash to fund operations and development. Over months this necessitates external funding or asset sales, risks project delays, increases dilution or covenant pressure, and constrains reinvestment into value-accretive programmes.
Persistent Net LossesAlthough losses narrowed, the company remains unprofitable with a deeply negative margin, indicating revenues currently fail to cover operating and corporate costs. Persisting losses erode shareholder capital, weaken profitability trajectories and leave long-term value creation dependent on successful commercialisation and cost discipline.
Negative Returns On CapitalA negative ROE shows the existing asset base is not generating positive returns for equity holders. Over time this signals inefficient capital deployment and raises questions on project ROI, making it harder to attract growth capital and potentially leading to tougher financing terms or increased scrutiny from strategic partners.
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$173.48M.
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 120 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 Overvalued.
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
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
AU$0.14 (-6.67% Downside)
AU$0.14 (-6.67% Downside)
Blogger Sentiment
Bullish
AU:COI Sentiment 100%
Sector Average 72%
Sector Average 72%
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, together with its subsidiaries, engages in the oil and gas exploration activities in Australia. The company's flagship asset includes Mahalo gas project covering an area of 989 square kilometers located in the Bowen Basin, Queensland. It holds 100% interests in the ATP 743, ATP 744, and ATP 1015 projects located in the Galilee Basin, Queensland; and Mahalo North, Mahalo East, and Mahalo Far East projects located in the Southern Bowen Basin, Queensland. The company also holds 29.6% interest in the PEL 6 and 59.09% interest in PEL 427 projects covering an area of 900 square kilometers located in the Gunnedah Basin, New South Wales. Comet Ridge Limited was incorporated in 2003 and is based in Brisbane, Australia.
COI Stock 12 Month Forecast
Average Price Target
AU$0.14
▼(-6.67% Downside)
Technical Analysis
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Options Prices
Currently, No data available
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