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Comet Ridge Ltd (AU:COI)
ASX:COI
COI Stock Chart & Stats
AU$0.13
<AU$0.01(3.70%)
At close: 4:00 PM EST
AU$0.13
<AU$0.01(3.70%)
Day’s Range― - ―
52-Week RangeAU$0.10 - AU$0.17
Previous CloseN/A
Volume569.02K
Average Volume (3M)337.20K
Market Cap
AU$155.54M
Enterprise ValueAU$149.19M
Total Cash (Recent Filing)AU$13.30M
Total Debt (Recent Filing)AU$6.95M
Price to Earnings (P/E)―
Beta0.73
Next Earnings
Mar 18, 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$0.23Price Target Upside76.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low Leverage / Balance Sheet StrengthReported debt-to-equity near 0.09 and an improving equity base give Comet Ridge structural financial flexibility. Over the medium term this reduces refinancing and interest-rate risk, providing runway to fund exploration and appraisal programs without immediate heavy borrowing.
Resumption Of Revenue And Narrower LossesReturn to measurable revenue and a substantially reduced net loss demonstrate early commercial progress and lower execution risk. Persisting revenue provides a platform for scaling appraisal activity, supports staged investment decisions, and improves the odds of future monetisation through partners.
Focused CSG Asset Base And Permit HoldingsA clear, concentrated strategy on CSG in Queensland means ownership of geological assets, permits and appraisal optionality. Structurally this focused business model supports targeted appraisal programs and potential third-party monetisation paths that can crystallise value over months.
Bears Say
Persistent Negative Operating And Free Cash FlowSustained negative OCF and very large negative FCF indicate ongoing cash burn and structural funding needs. Over the medium term this forces reliance on external capital, risks dilution or constrained project schedules, and limits the company's ability to self-fund development.
Very Weak And Negative Net MarginsA net margin near -88.6% shows operations are well short of covering costs despite revenue restarting. Structurally, such deep negative margins mean the company needs sustained revenue growth or material cost reductions to reach breakeven, else profitability remains elusive.
Negative Returns On EquityA negative ROE (~-3.1%) signals the current asset base is not generating shareholder returns. Over months this undermines investor confidence, makes non-dilutive financing harder to obtain, and highlights the need for clearer capital allocation or successful project monetisation to reverse returns.
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 Mar 18, 2026 which is in 26 days.
How were Comet Ridge Ltd’s earnings last quarter?
Comet Ridge Ltd released its earnings results on Sep 22, 2025. The company reported -AU$0.001 earnings per share for the quarter, missing the consensus estimate of N/A by -AU$0.001.
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$0.001 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 4.545%.
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
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
AU$0.23 (76.92% Upside)
AU$0.23 (76.92% Upside)
Blogger Sentiment
Bullish
AU:COI Sentiment 90%
Sector Average ―
Sector Average ―
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$0.23
▲(76.92% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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