How does CLIC's PB Ratio compare to its peers?

CLIC is expensive based on its Price-To-Book Ratio (0.8x) compared to the peer average (0.7x).

How does CLIC's PB Ratio compare vs other companies in the CA Metals and Mining Industry?

CLIC is good value based on its Price-To-Book Ratio (0.8x) compared to the Canadian Metals and Mining industry average (1.4x).

What is CLIC's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate CLIC's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of CLIC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate CLIC's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Comet Lithium (TSXV:CLIC) - Stock Price, News & Analysis

CLIC Stock Overview

A lithium-focused exploration company, engages in the acquisition, exploration, and development of mining properties in Canada. More details

CLIC fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

Earnings have declined by 5.3% per year over past 5 years

Does not have a meaningful market cap (CA$6M)

Highly volatile share price over the past 3 months compared to the Canadian market

+ 1 more risk

Comet Lithium Corporation Competitors

Canadian Manganese

NEOE:CDMN

CA$4.4m

Metals Creek Resources

TSXV:MEK

CA$5.5m

Nubian Resources

TSXV:NBR

CA$4.4m

Vertical Exploration

TSXV:VERT

CA$5.1m

Price History & Performance

Summary of all time highs, changes and price drops for Comet Lithium
Historical stock prices
Current Share Price	CA$0.20
52 Week High	CA$0.60
52 Week Low	CA$0.15
Beta	2.43
11 Month Change	-18.37%
3 Month Change	-16.67%
1 Year Change	-64.29%
33 Year Change	-28.57%
5 Year Change	-76.19%
Change since IPO	-64.29%

Recent updates

Shareholder Returns

	CLIC	CA Metals and Mining	CA Market
7D	5.3%	5.6%	1.3%
1Y	-64.3%	31.8%	23.1%

Return vs Industry: CLIC underperformed the Canadian Metals and Mining industry which returned 31.8% over the past year.

Return vs Market: CLIC underperformed the Canadian Market which returned 23.1% over the past year.

Price Volatility

Is CLIC's price volatile compared to industry and market?
CLIC volatility
CLIC Average Weekly Movement	20.3%
Metals and Mining Industry Average Movement	10.5%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.8%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: CLIC's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: CLIC's weekly volatility (20%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

Founded	Employees	CEO	Website
2013	n/a	Vincent Metcalfe	cometlithium.com

Comet Lithium Corporation, a lithium-focused exploration company, engages in the acquisition, exploration, and development of mining properties in Canada. Its flagship asset is the 100% owned Liberty Property comprising 38 mining claims located in James Bay, Québec. The company was formerly known as X-Terra Resources Inc. and changed its name to Comet Lithium Corporation in June 2023.

Comet Lithium Corporation Fundamentals Summary

How do Comet Lithium's earnings and revenue compare to its market cap?
CLIC fundamental statistics
Market cap	CA$5.69m
Earnings (TTM)	-CA$2.84m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-1.9x

P/E Ratio

Is CLIC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CLIC income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$2.84m
Earnings	-CA$2.84m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.11
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did CLIC perform over the long term?

See historical performance and comparison

CLIC Stock Overview

Risk Analysis

Comet Lithium Corporation Competitors

NEOE:CDMN

CA$4.4m

TSXV:MEK

CA$5.5m

TSXV:NBR

CA$4.4m

TSXV:VERT

CA$5.1m

Price History & Performance

Recent News & Updates

Comet Lithium Corporation Reports Results from Troilus East Exploration Program

Comet Lithium Corporation Reports Results from Mercator Summer Exploration Program and Corporate Update

New major risk - Revenue and earnings growth

Comet Lithium Corporation Reports Results from Liberty Property Phase 1 Exploration Program

Comet Lithium Corporation Begins Exploration Campaign At Troilus East Project

Comet Lithium Corporation Appoints Kyle Frank to Its Board of Directors

Recent updates

Comet Lithium Corporation Reports Results from Troilus East Exploration Program

Comet Lithium Corporation Reports Results from Mercator Summer Exploration Program and Corporate Update

New major risk - Revenue and earnings growth

Comet Lithium Corporation Reports Results from Liberty Property Phase 1 Exploration Program

Comet Lithium Corporation Begins Exploration Campaign At Troilus East Project

Comet Lithium Corporation Appoints Kyle Frank to Its Board of Directors

Comet Lithium Corporation Approves Board Elections

Comet Lithium Corporation, Annual General Meeting, May 28, 2024

Comet Lithium Corporation Outlines 2024 Phase 1 Exploration Program At Liberty Lithium Property

Comet Lithium Corporation Identifies New Large IP Anomalies at Troilus East

Comet Lithium Corporation Reports Lithium Anomaly from Till Samples Along North-East Structure from the Initial Field Program At Its Liberty Property

Comet Lithium Corporation Recaps 2023 Exploration Program & Provides its Exploration Perspective for 2024

Comet Lithium Corporation Announces Executive Changes Effective January 1, 2024

Comet Lithium Corporation announced that it has received CAD 2.578803 million in funding

New major risk - Shareholder dilution

Comet Lithium Corporation announced that it expects to receive CAD 3 million in funding

Comet Lithium Corporation Completes Phase 1 Gravity Survey At Liberty and Expands to Phase 2 and 3

New major risk - Financial position

Comet Lithium Corporation Announces Management Changes

Comet Lithium Corporation to Commence Field Program at Troilus East

Less than half of directors are independent

Comet Lithium Corporation Submits Permit to Drill At Liberty

Comet Lithium Corporation Appoints Paul Blatter to the Board of Directors

Comet Lithium Corporation Appoints Mansoor Jan Niazi as President

Comet Lithium Corporation Announces Executive Changes

New major risk - Share price stability

Comet Lithium Corporation Announces CEO Changes

X-Terra Resources Inc. announced that it expects to receive CAD 1.5 million in funding

Less than half of directors are independent

X-Terra Resources Completes Reconnaissance Program At the Liberty Lithium Property in James Bay, Quebec

X-Terra Resources Inc. (TSXV:XTT) acquired Galli and Liberty Lithium Projects.

X-Terra Resources Inc. Completes Trenching Program At the Nortwest Property

X-Terra Resources Inc. Trenches over 100 Metres of Continuous Sulfides Mineralization At Grog

X-Terra Resources Inc. Initiates Trenching Program at the Grog and Northwest Properties

X-Terra Resources Inc. Completes Additional Phase of Infill Geochemical Sampling on Grog and Northwest Properties

X-Terra Resources Receives Exploration Grant for Grog Property

X-Terra Resources Inc. (TSXV:XTT) acquired Triple Lithium Project.

X-Terra Resources Inc., Annual General Meeting, Jun 30, 2022

Insufficient new directors

X-Terra Resources Inc. Identifies 6 New Gold Targets at the Grog Property

Insufficient new directors

X-Terra Resources Inc. announced that it has received CAD 0.389998 million in funding

Insufficient new directors

X-Terra Resources Provides Observations from the Drill Core

X-Terra Resources Begins Drilling At Troilus East

X-Terra Resources Drills More Gold at Northwest

X-Terra Resources Inc. Identifies a Strong IP Anomaly Coincident with Gold Geochemistry at Troilus East

X-Terra Resources Mobilizes IP Geophysics Team to Troilus East

X-Terra Resources Drills Visible Gold on the Northwest Property

X-Terra Resources Drills Longest Gold Intercept on Grog Project to Date

X-Terra Resources Inc. Begins Second Phase of Drilling at the Rim Target on the Northwest Property in New Brunswick

X-Terra Resources Announces Initiation of Detailed Drone Magnetic Survey at the Rim Target in New Brunswick

X-Terra Resources Inc. Announces Geochemical Results at its 100% Owned Troilus East Project In James Bay, Québec

X-Terra Resources Inc. announced that it expects to receive CAD 1.5 million in funding

X-Terra Resources Inc. Rim Vein Metallurgical Results Yield Average Grade of 79 g/t Au

X-Terra Resources Begins Drilling with Two Drills At the Grog and Northwest Properties in New Brunswick

X-Terra Resources Inc. Prepares for the Upcoming Drill Program

X-Terra Resources Inc. Completes Geochemical and Ground Geophysics at Grog, Expands Drilling Plans

X-Terra Resources Inc. announced that it has received CAD 0.7 million in funding

New 90-day high - CA$0.23