Comstock (NYSE:LODE) Coverage Initiated by Analysts at StockNews.com

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

Comstock Price Performance

Shares of NYSE LODE opened at $0.17 on Monday. The stock has a market capitalization of $23.61 million, a PE ratio of 2.14 and a beta of 1.93. Comstock has a one year low of $0.16 and a one year high of $0.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.49 and a quick ratio of 1.49. The business’s fifty day moving average price is $0.25 and its 200-day moving average price is $0.38.

Comstock (NYSE:LODEGet Free Report) last released its quarterly earnings data on Monday, April 29th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Comstock had a net margin of 474.79% and a negative return on equity of 5.56%. The firm had revenue of $0.43 million during the quarter, compared to the consensus estimate of $0.54 million. On average, equities research analysts anticipate that Comstock will post -0.16 EPS for the current year.

Insider Buying and Selling at Comstock

In other Comstock news, CEO Corrado Degasperis bought 1,250,000 shares of Comstock stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of $0.40 per share, with a total value of $500,000.00. Following the acquisition, the chief executive officer now owns 1,358,180 shares in the company, valued at $543,272. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 1,340,000 shares of company stock worth $523,900 over the last 90 days. Corporate insiders own 8.50% of the company’s stock.

Institutional Trading of Comstock

A hedge fund recently bought a new stake in Comstock stock. Mission Wealth Management LP bought a new position in Comstock Inc. (NYSE:LODEFree Report) during the 4th quarter, according to the company in its most recent filing 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 approximately 0.07% of Comstock as of its most recent filing with the Securities and Exchange Commission (SEC). 7.96% of the stock is currently owned by institutional investors and hedge funds.

About Comstock

(Get Free Report)

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.

Further Reading

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