StockNews.com Begins Coverage on Comstock (NYSE:LODE)

StockNews.com began coverage on shares of Comstock (NYSE:LODE) in a report released on Monday. The brokerage issued a sell rating on the stock.

Comstock Price Performance

Shares of Comstock stock opened at $0.32 on Monday. 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 firm has a market cap of $38.87 million, a P/E ratio of 3.96 and a beta of 2.00. Comstock has a fifty-two week low of $0.28 and a fifty-two week high of $0.99. The business has a 50-day moving average price of $0.38 and a 200 day moving average price of $0.44.

Comstock (NYSE:LODE) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $0.45 million during the quarter, compared to analyst estimates of $1.10 million. Comstock had a negative return on equity of 4.04% and a net margin of 718.51%. On average, sell-side analysts forecast that Comstock will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Comstock

An institutional investor recently bought a new position in Comstock stock. Mission Wealth Management LP bought a new stake in shares of Comstock Inc. (NYSE:LODE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 85,366 shares of the company’s stock, valued at approximately $47,000. Mission Wealth Management LP owned about 0.07% of Comstock at the end of the most recent quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

Comstock Company Profile

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.