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Comet Ridge Limited is currently in a long term uptrend where the price is trading 16.9% above its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Energy sector with a price to sales ratio of 0.0.
Comet Ridge Limited's total revenue sank by 66.7% to $14K since the same quarter in the previous year.
Its net income has dropped by 14.1% to $-3M since the same quarter in the previous year.
Finally, its free cash flow grew by 88.0% to $-1M since the same quarter in the previous year.
Based on the above factors, Comet Ridge Limited gets an overall score of 3/5.
| Industry | Oil & Gas E&P |
|---|---|
| Sector | Energy |
| ISIN | AU000000COI3 |
| CurrencyCode | AUD |
| Exchange | AU |
| Target Price | 0.22 |
|---|---|
| Dividend Yield | 0.0% |
| Beta | 1.04 |
| PE Ratio | 0.0 |
| Market Cap | 129M |
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.
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