Comet Ridge (ASX:COI) Shares Cross Above 50-Day Moving Average of $0.25

Comet Ridge Ltd. (ASX:COI)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.25 and traded as high as $0.27. Comet Ridge shares last traded at $0.27, with a volume of 378,394 shares changing hands.

The stock’s fifty day moving average price is A$0.25 and its 200 day moving average price is A$0.29. The stock has a market cap of $192.89 million and a PE ratio of -53.00.

Comet Ridge Company Profile (ASX:COI)

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 has 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 located in the Bowen Basin, Queensland, as well as holds interests in the PEL 6, PEL 427, and PEL 428 projects located in the Gunnedah Basin, New South Wales.

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