4.75
0.00%
Close of 4 Nov 2026, in CAD
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About Comet Industries
Its shares trade on TSX Venture under the ticker CMU.V. It has been listed since 22 May 1981. In the fiscal year to 31 January 2024, it reported revenue of C$352,903 and net income of C$8.1m. At that date it held total assets of C$11.3m and shareholders' equity of C$10.0m.
Comet Industries Ltd. engages in acquiring and holding mineral properties, and holding and managing real properties. The company is headquartered in Vancouver, British Columbia. The firm owns unimproved land in Kamloops, Terrace Pender Harbour and Nelson Island, BC, all on a freehold basis. The firm holds a 40% working interest in the five Crown Granted (Crown Grants) - known as the Iron Mask property, (Property A), which is in southwest Kamloops, B.C. The remaining interests are held 30% each by two associated companies, Initial Developers Ltd. (Initial) and DVO Industries Ltd. (DVO). The Crown Grants cover approximately 190 contiguous acres (approximately 76.9 hectares). The firm owns several parcels of land in Pender Harbor, British Columbia. The company also owns two parcels of undeveloped land - covering 9 contiguous acres 22 km northeast of Terrace, British Columbia on the Yellowhead highway.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Real Estate Management & Development
- Listed since
- 22 May 1981
- Website
- cometindustries.ca ↗
Leadership
Pay as last reported
- Mr. Michael O'ReillyPresident, Chief Executive Officer, Director, since 2015C$118,651
- Mr. Malcolm DavidsonChief Financial Officer
- Mr. Andrew RennisonSecretary, Director, since 2021
- Mr. Jess AlfonsoIndependent Director, since 2021
- Mr. Richard AngusIndependent Director, since 1984C$58,500
- Mr. Christopher LundyIndependent Director
- Mr. Michael SantoroIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Comet Industries owns unimproved land in Kamloops, Terrace, and Nelson Island, BC, freehold.
- The company holds a 40% working interest in the Iron Mask property covering 190 contiguous acres in Kamloops.
- Comet Industries owns multiple parcels of land in Pender Harbor, British Columbia.
Weaknesses
- Comet Industries holds a 40% working interest in the Iron Mask property with 30% each held by two associated companies.
- The firm owns unimproved land in Kamloops, Terrace, and Nelson Island, BC, with no development mentioned.
- Comet Industries owns two parcels of undeveloped land near Terrace, British Columbia, on the Yellowhead highway.
Opportunities
- The Iron Mask property has a 190-acre Crown Grant covering southwest Kamloops, B.C.
- Comet Industries could develop unimproved land in Kamloops, Terrace, and Nelson Island, BC.
- The company may expand its holdings in Pender Harbor, British Columbia, with existing land parcels.
Threats
- Comet Industries' land holdings in Kamloops, Terrace, and Nelson Island, BC, face potential development risks.
- The Iron Mask property's 40% working interest requires collaboration with Initial Developers Ltd. and DVO Industries Ltd.
- Undeveloped land near Terrace, British Columbia, on the Yellowhead highway may face environmental restrictions.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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