Comstock (NYSE:LODE) Now Covered by Analysts at StockNews.com

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

Comstock Price Performance

NYSE LODE opened at $0.17 on Thursday. 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 company has a fifty day simple moving average of $0.21 and a 200 day simple moving average of $0.35. Comstock has a 1 year low of $0.14 and a 1 year high of $0.74.

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

Insider Buying and Selling at Comstock

In related news, CEO Corrado Degasperis purchased 1,250,000 shares of Comstock stock in a transaction on Friday, May 17th. The stock was purchased at an average cost of $0.40 per share, with a total value of $500,000.00. Following the acquisition, the chief executive officer now directly owns 1,358,180 shares in the company, valued at $543,272. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders purchased a total of 1,340,000 shares of company stock valued at $523,900 in the last ninety days. Company insiders own 8.50% of the company’s stock.

Institutional Trading of Comstock

An institutional investor recently bought a new position in Comstock stock. Mission Wealth Management LP purchased a new stake in Comstock Inc. (NYSE:LODE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 85,366 shares of the company’s stock, valued at approximately $47,000. Mission Wealth Management LP owned 0.07% of Comstock at the end of the most recent reporting period. 7.96% of the stock is owned by institutional investors and hedge funds.

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.