Comstock (NYSE:LODE) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Comstock (NYSE:LODE) 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) 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

In other Comstock news, CEO Corrado Degasperis bought 1,250,000 shares of the business’s stock in a transaction on Friday, May 17th. The stock was bought at an average price of $0.40 per share, with a total value of $500,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,358,180 shares in the company, valued at $543,272. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 1,340,000 shares of company stock worth $523,900 in the last ninety days. 8.50% of the stock is owned by insiders.

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) 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.