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$209.38M
Enterprise ValueAU$196.58M
Total Cash (Recent Filing)AU$7.05M
Total Debt (Recent Filing)AU$229.00K
Price to Earnings (P/E)―
Beta0.73
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$0.25Price Target Upside66.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low Leverage / Balance Sheet StrengthThe company’s very low debt-to-equity (~0.09) materially reduces interest burden and refinancing risk, providing durable financial flexibility to fund exploration and appraisal activity. Lower leverage supports multi‑month project pacing and reduces vulnerability to short-term market shocks.
Improving Operating PerformanceA return to revenue and a materially narrower loss profile indicate operational progress in asset development and cost control. Sustained improvement in margins and EBIT, if continued, supports a pathway to positive cash generation and long‑term viability of upstream projects over the next several months.
Asset-Focused Upstream Business ModelA clear upstream focus on CSG and progressing assets toward commercialisation aligns the company with a definable value-creation roadmap (appraisal → de-risk → commercialisation). This asset-led model supports milestone-driven value realisation via offtakes, farm‑outs or JV structures over a 2–6 month execution horizon.
Bears Say
Persistent Negative Cash GenerationDeeply negative free cash flow and ongoing negative operating cash flow demonstrate structural cash burn. Continued outflows constrain the ability to self-fund development, increase reliance on external capital, and raise execution and dilution risk for advancing projects over the medium term.
Continued Unprofitability And Weak MarginsSubstantial negative net margin shows the business is not yet earning returns from operations. Persistent losses limit retained earnings and reinvestment capacity, keeping the firm dependent on capital markets or partners to fund growth and delaying sustainable profitability beyond a few months.
Very Small Revenue Base / Scale RiskA modest FY2025 revenue base after years without sales highlights limited scale and revenue diversification. Small top-line size makes it harder to absorb fixed exploration and development costs, increasing execution risk and dependence on asset milestones or external funding to reach commercial scale.
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$209.38M.
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 158 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
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
AU$0.25 (66.67% Upside)
AU$0.25 (66.67% Upside)
Blogger Sentiment
Bullish
AU:COI Sentiment 100%
Sector Average 73%
Sector Average 73%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-31.25%
12-Months-Change
Fundamentals
Return on Equity
-4.74%
Trailing 12-Months
Asset Growth
3.90%
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$0.25
▲(66.67% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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