How to buy Comet Ridge shares

Comet Ridge Limited is an oil & gas e&p business based in Australia. Comet Ridge shares (COI) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Comet Ridge has a trailing 12-month revenue of around $2,000.

How to buy shares in Comet Ridge

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Comet Ridge. Find the share by name or ticker symbol: COI. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Comet Ridge reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.08, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Comet Ridge. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Comet Ridge's share price?

Since the stock market crash in March caused by coronavirus, Comet Ridge's share price has had significant negative movement.

Its last market close was $0.08, which is 38.46% down on its pre-crash value of $0.13 and 66.67% up on the lowest point reached during the March crash when the shares fell as low as $0.048.

If you had bought $1,000 worth of Comet Ridge shares at the start of February 2020, those shares would have been worth $294.12 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $470.59.

Comet Ridge share price

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• Brokerage - AU shares: From AUD 5 or 0.05%
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Is it a good time to buy Comet Ridge stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Comet Ridge share dividends

We're not expecting Comet Ridge to pay a dividend over the next 12 months.

Have Comet Ridge's shares ever split?

Comet Ridge's shares were split on 21 May 2009.

Comet Ridge share price volatility

Over the last 12 months, Comet Ridge's shares have ranged in value from as little as $0.048 up to $0.285. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Comet Ridge's is 1.803. This would suggest that Comet Ridge's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Comet Ridge overview

Comet Ridge Limited, together with its subsidiaries, engages in the exploration and appraisal of coal seam gas and sandstone reserves in Eastern Australia. The company holds 100% interests in the ATP 743, ATP 744, and ATP 1015 projects located in the Galilee Basin, Queensland; and 40% interests in the ATP 1191 Mahalo project covering an area of approximately 911 square kilometers located in the Bowen Basin, Queensland, as well as holds 29.55% interest in the PEL 6, 59.09% interest in PEL 427, and 68.42% interest in PEL 428 projects covering an area of approximately 17,000 square kilometers located in the Gunnedah Basin, New South Wales. Comet Ridge Limited was incorporated in 2003 and is based in Brisbane, Australia.

Frequently asked questions

• What percentage of Comet Ridge is owned by insiders or institutions?

  Currently 27.056% of Comet Ridge shares are held by insiders and 0.621% by institutions.

• When does the fiscal year end for Comet Ridge?

  Comet Ridge's fiscal year ends in June.

• Where is Comet Ridge based?

  Comet Ridge's address is: 410 Queen Street, Brisbane, QLD, Australia, 4000

• What is Comet Ridge's ISIN number?

  Comet Ridge's international securities identification number is: AU000000COI3