COI

COMETRIDGE FPO [COI]
Comet Ridge Limited engages in the oil and gas exploration, appraisal, and development activities in Australia. The company's flagship property is the Mahalo Gas Hub which consists of 2 reserves and 2 contingent resources of 676 petajoules located in southern Bowen Basin. Comet Ridge Limited was incorporated in 2003 and is based in Brisbane, Australia.
Energy · ASX Small Cap
$0.0900 +0.0%

Updated 3 Sep 2026 · Signals refresh every scan

Appeared in 2 consecutive scansFirst seen: 2026-02-25
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Active Signals

Bullish Signals

  • Drifting lower — down 4.3% over the last 5 days
  • Volume-price trend suggests distribution — sellers may be sneaking out while price holds
  • Adequate cash runway (8 quarters)
  • Revenue in sharp decline (-85%)
  • Near 52-week low (11% of range)
  • Substantial holder(s) ceased (1)
  • CANSLIM I: Institutional ownership (22%)
  • Sentiment is mixed — no strong consensus either way
  • Pre-revenue company — Altman Z-Score not applicable
  • Commodity (Crude Oil): strong_up (+5pts)
  • AUD/USD strong (-2pts)
  • RBA hiking (-3pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Long-term momentum is negative — down 31% over the past year
  • Revenue declining at -85% — the top line is shrinking
  • The bigger volume days are the down days — volume-weighted momentum is negative (-1.64%/day)
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Recent Catalysts

NONE Notice under section 708A(5)(e) of the Corporations Act 2001
NONE Application for quotation of securities - COI
NONE Change of Director's Interest Notice
HIGH Acquisition of Mahalo Gas Project completes
HIGH Ceasing to be a substantial holder

Recent ASX Announcements

2026-08-24 Notice under section 708A(5)(e) of the Corporations Act 2001
2026-08-23 Application for quotation of securities - COI
2026-08-23 Acquisition of Mahalo Gas Project completes
2026-08-17 Ceasing to be a substantial holder
2026-08-17 Change of Director's Interest Notice

Key Metrics

$151.1M
Market Cap
2.6M
Avg Volume
1.2x
Vol Ratio
$0.08 — $0.17
52-Week Range
0.1%
Short Interest
N/A
Cash Runway
-5.6%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 62%
LLeader vs LaggardlaggardRS: -15
IInstitutional SponsorshippassInst: 22%
MMarket DirectionneutralNeutral

Sector: Energy

65 tickers in this sector

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