viewComet Ridge Ltd

Comet Ridge to bag cash after share run

The halt will remain in place until Friday 10th November 2017.

The company's shares are in pre-open

Comet Ridge Ltd's (ASX:COI) shares closed at $0.275 yesterday, around double their value from two months ago, and the company is taking the opportunity to head to market with a capital raising.

The raising will comprise a placement to professional and sophisticated investors, and the ASX has granted a trading halt to prepare.

Comet remains focused on natural gas in eastern Australia, providing the potential opportunity to supply much needed product into the local market.

The halt will remain in place until the opening of trade on Friday 10th November 2017, or earlier if an announcement is made to the market.

Quick facts: Comet Ridge Ltd

Price: 0.105 AUD

Market: ASX
Market Cap: $82.85 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Comet Ridge Ltd named herein, including the promotion by the Company of Comet Ridge Ltd in any Content on the Site, the Company receives from...



Comet Ridge has the Australian east coast gas market in sight

Tor McCaul, managing director of Comet Ridge Ltd (ASX:COI), spoke to Proactive Investors at the ASX Small and Mid-Cap Conference in Sydney.   The Brisbane-based energy company is focused on coal seam gas and sandstone gas exploration and appraisal, with a suite of tenements and...

on 6/9/18

2 min read