Comet Ridge Ltd, a company operating within the energy sector, specifically in the oil, gas, and consumable fuels industry, has been actively engaged in coal seam gas exploration in Australia. The company’s operations are primarily focused on supplying energy to markets in Queensland and New South Wales. Among its notable projects are the Comet Ridge Project, the Walloon Coal Measures Project, the Galilee Project, and the Shallow Gas Project.

As of October 16, 2025, the close price of Comet Ridge Ltd’s shares was recorded at AUD 0.11. This figure represents a significant fluctuation over the past year, with the 52-week high reaching AUD 0.1725 on November 17, 2024, and the 52-week low at AUD 0.1 on October 12, 2025. The company’s market capitalization stands at AUD 131,610,000, reflecting its current valuation in the market.

A critical financial metric for Comet Ridge Ltd is its price-to-earnings (P/E) ratio, which is currently at -32.523. This negative P/E ratio indicates that the company is not currently generating profits, which may be a point of concern for investors. The company’s financial performance and strategic initiatives will be closely monitored by stakeholders to assess future profitability and growth potential.

Comet Ridge Ltd is listed on the ASX All Markets, providing investors with the opportunity to trade its shares. For those interested in obtaining more detailed information about the company’s operations, projects, and financial performance, additional resources are available on their official website at www.cometridge.com.au .

In summary, while Comet Ridge Ltd continues to pursue its strategic projects in coal seam gas exploration, its financial metrics, particularly the negative P/E ratio, highlight the challenges it faces in achieving profitability. Investors and market analysts will likely keep a close watch on the company’s future developments and financial health.