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

StockNews.com started coverage on shares of Comstock (NYSE:LODE) in a research note issued to investors on Tuesday morning. The brokerage issued a sell rating on the stock.

Comstock Stock Performance

Shares of Comstock stock opened at $0.16 on Tuesday. Comstock has a 12 month low of $0.16 and a 12 month high of $0.88. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.11. The stock has a market cap of $22.34 million, a PE ratio of 2.02 and a beta of 1.93. The business has a fifty day simple moving average of $0.24 and a 200-day simple moving average of $0.37.

Comstock (NYSE:LODE) last announced 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). The business had revenue of $0.43 million for the quarter, compared to analyst estimates of $0.54 million. Comstock had a negative return on equity of 5.56% and a net margin of 474.79%. On average, sell-side analysts anticipate that Comstock will post -0.16 EPS for the current fiscal year.

Insider Transactions at Comstock

In other news, CEO Corrado Degasperis acquired 1,250,000 shares of Comstock stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average price of $0.40 per share, with a total value of $500,000.00. Following the completion of the transaction, the chief executive officer now owns 1,358,180 shares in the company, valued at $543,272. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last ninety days, insiders have purchased 1,340,000 shares of company stock valued at $523,900. 8.50% of the stock is owned by insiders.

Institutional Trading of Comstock

A hedge fund recently bought a new stake in Comstock stock. Mission Wealth Management LP acquired a new stake in Comstock Inc. (NYSE:LODE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 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. 7.96% of the stock is owned by institutional investors.

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.