Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
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.
Company Valuation
From both historical and forecast perspectives, the stock is overpriced compared to similar stocks. In particular, the stock is 'expensive' on EV/EBITDA.
Target Price
The average target price of COI.AX is 0.21 and suggests 123% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc