Comstock (NYSEAMERICAN:LODE) Issues Quarterly Earnings Results

Comstock (NYSEAMERICAN:LODE) released its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. Comstock had a negative return on equity of 30.98% and a negative net margin of 6,016.37%. The firm had revenue of $0.37 million for the quarter.

Comstock Stock Performance

Shares of NYSEAMERICAN:LODE traded up $0.10 during trading on Wednesday, reaching $1.49. The company had a trading volume of 2,508,128 shares, compared to its average volume of 1,558,437. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.20 and a quick ratio of 3.20. The stock’s fifty day moving average price is $2.41 and its 200 day moving average price is $3.20. Comstock has a fifty-two week low of $1.31 and a fifty-two week high of $4.98. The firm has a market capitalization of $113.23 million, a price-to-earnings ratio of -1.45 and a beta of 1.66.

Institutional Trading of Comstock

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

Comstock Company Profile

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.