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$149.55M
Enterprise ValueAU$148.72M
Total Cash (Recent Filing)AU$7.05M
Total Debt (Recent Filing)AU$229.00K
Price to Earnings (P/E)―
Beta0.63
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low Leverage / Balance Sheet FlexibilityA low debt-to-equity ratio (~0.09) gives the company structural financial flexibility to fund exploration and development without heavy interest burdens. Over the next several months this reduces refinancing risk and preserves optionality for farm-outs or JV funding of projects.
Revenue Resumption And Narrowing LossesRevenue returning in FY2025 signals the company is beginning to monetize assets rather than only incur exploration expense. Coupled with narrower net losses versus prior year, this suggests early operational progress and a clearer path toward sustainable cash generation if trends continue.
Focused Upstream Gas Development StrategyA clear upstream focus on coal seam gas and progressing assets toward commercialisation gives the business structural strategic clarity. This concentrated model supports targeted capital allocation, partnerability for farm-outs, and a defined route to generate mid-term cash flows from Australian gas markets.
Bears Say
Persistent Cash BurnDeeply negative free cash flow and ongoing negative operating cash flow indicate the business is consuming capital to sustain exploration and development. This structural cash burn creates dependency on external funding, increasing dilution or financing risk until cash generation reverses.
Ongoing Negative ProfitabilityContinued net losses and a large negative margin mean the company has not yet converted revenue into sustainable profits. This undermines ability to self-fund growth and raises the likelihood of continued capital raises or slowed project timelines until profitability is achieved.
Negative Returns On EquityA negative ROE shows shareholder capital currently does not produce positive returns. Even with equity growth, the company’s assets are not delivering earnings, creating longer-term pressure on capital allocation and investor confidence until returns are demonstrably positive.
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$149.55M.
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 138 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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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.
Technical Analysis
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Options Prices
Currently, No data available
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