StockNews.com began coverage on shares of Comstock (NYSE:LODE – Free Report) in a report published on Thursday morning. The firm issued a sell rating on the stock.
Comstock Stock Performance
Shares of Comstock stock opened at $0.18 on Thursday. The business’s 50 day moving average price is $0.21 and its 200 day moving average price is $0.34. The company has a market cap of $24.68 million, a price-to-earnings ratio of 2.23 and a beta of 1.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.49 and a current ratio of 1.49. Comstock has a one year low of $0.14 and a one year high of $0.74.
Comstock (NYSE:LODE – Get Free Report) last posted its quarterly 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). The company had revenue of $0.43 million for the quarter, compared to analysts’ expectations of $0.54 million. Comstock had a negative return on equity of 5.56% and a net margin of 474.79%. On average, research analysts predict that Comstock will post -0.16 EPS for the current year.
Insider Buying and Selling at Comstock
Institutional Investors Weigh In On Comstock
An institutional investor recently bought a new position in Comstock stock. Kingswood Wealth Advisors LLC bought a new stake in Comstock Inc. (NYSE:LODE – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 233,000 shares of the company’s stock, valued at approximately $128,000. Kingswood Wealth Advisors LLC owned 0.20% of Comstock as of its most recent SEC filing. 7.96% of the stock is currently owned by hedge funds and other 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.
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