Comstock (NYSE:LODE) Research Coverage Started at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Comstock (NYSE:LODE) in a research note issued to investors on Sunday. The firm set a “sell” rating on the stock.

Comstock Stock Performance

Shares of NYSE LODE opened at $0.32 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $0.40 and its two-hundred day moving average is $0.45. The company has a market cap of $36.83 million, a P/E ratio of 3.98 and a beta of 2.01. Comstock has a 12 month low of $0.31 and a 12 month high of $0.99.

Comstock (NYSE:LODE) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The company had revenue of $0.45 million for the quarter, compared to the consensus estimate of $1.10 million. Comstock had a negative return on equity of 4.04% and a net margin of 718.51%. On average, equities analysts expect that Comstock will post -0.15 EPS for the current year.

Institutional Trading of Comstock

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Comstock by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 3,254,152 shares of the company’s stock worth $1,783,000 after purchasing an additional 60,303 shares in the last quarter. Northern Trust Corp boosted its stake in Comstock by 19.6% in the 4th quarter. Northern Trust Corp now owns 157,009 shares of the company’s stock valued at $86,000 after buying an additional 25,684 shares in the last quarter. Mission Wealth Management LP acquired a new stake in Comstock in the 4th quarter valued at $47,000. Kingswood Wealth Advisors LLC acquired a new stake in Comstock in the 4th quarter valued at $128,000. Finally, XTX Topco Ltd acquired a new stake in Comstock in the 2nd quarter valued at $26,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

About Comstock

Comstock Inc engages in the systemic decarbonization business in Nevada and internationally. It operates through Renewable Energy, Mining, and Strategic and Other Investments segments. It will develop technology for the deploying of extraction and refining facilities that convert wasted and unused biomass and other natural resources; and a demonstration system to extract black mass containing lithium, graphite, nickel, cobalt, manganese, copper, aluminum, and other metals from up to lithium-ion batteries.