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

Stock analysts at StockNews.com assumed coverage on shares of Comstock (NYSE:LODE) in a research report issued on Tuesday. The brokerage set a “sell” rating on the stock.

Comstock Price Performance

NYSE LODE opened at $0.25 on Tuesday. The stock’s 50-day moving average is $0.36 and its two-hundred day moving average is $0.44. Comstock has a fifty-two week low of $0.24 and a fifty-two week high of $0.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $30.84 million, a P/E ratio of 3.45 and a beta of 2.00.

Comstock (NYSE:LODE) last announced its earnings results on Monday, April 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Comstock had a negative return on equity of 4.04% and a net margin of 718.51%. The firm had revenue of $0.43 million during the quarter, compared to the consensus estimate of $0.54 million. On average, analysts anticipate that Comstock will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of Comstock

An institutional investor recently bought a new position in Comstock stock. Kingswood Wealth Advisors LLC bought a new position in shares of Comstock Inc. (NYSE:LODE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 233,000 shares of the company’s stock, valued at approximately $128,000. Kingswood Wealth Advisors LLC owned about 0.20% of Comstock at the end of the most recent quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

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.