CenterBook Partners LP Sells 1,827,613 Shares of Comstock Inc. $LODE

CenterBook Partners LP lessened its holdings in shares of Comstock Inc. (NYSEAMERICAN:LODE) by 84.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,094 shares of the company’s stock after selling 1,827,613 shares during the quarter. CenterBook Partners LP’s holdings in Comstock were worth $784,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its position in shares of Comstock by 133.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock worth $26,000 after purchasing an additional 4,000 shares in the last quarter. D.A. Davidson & CO. acquired a new position in Comstock in the 3rd quarter valued at approximately $34,000. AXQ Capital LP increased its stake in Comstock by 36.6% in the 2nd quarter. AXQ Capital LP now owns 18,407 shares of the company’s stock valued at $77,000 after buying an additional 4,936 shares during the period. Bank of America Corp DE increased its stake in Comstock by 180.1% in the 1st quarter. Bank of America Corp DE now owns 80,736 shares of the company’s stock valued at $246,000 after buying an additional 51,907 shares during the period. Finally, Ancora Advisors LLC purchased a new stake in Comstock in the 2nd quarter worth approximately $278,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

Comstock Stock Down 13.0%

LODE stock opened at $1.67 on Wednesday. The company has a 50 day moving average of $2.24 and a two-hundred day moving average of $3.14. The company has a market cap of $126.90 million, a price-to-earnings ratio of -2.29 and a beta of 1.66. Comstock Inc. has a 12-month low of $1.31 and a 12-month high of $4.98. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.08.

Comstock (NYSEAMERICAN:LODE) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Comstock had a negative net margin of 3,682.82% and a negative return on equity of 24.02%. The company had revenue of $0.37 million for the quarter. On average, equities analysts anticipate that Comstock Inc. will post -0.33 earnings per share for the current fiscal year.

About Comstock

Comstock Inc. is a technology and natural resources company focused on developing solutions for the energy transition and the decarbonization of industrial processes. Its business activities include renewable fuels, battery-metal recovery and mineral development, with operations and projects primarily connected to the United States. Through Comstock Fuels, the company is developing technologies designed to convert woody biomass and other lignocellulosic materials into low-carbon fuels, including sustainable aviation fuel and other renewable fuel products.