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

Investment analysts at StockNews.com started coverage on shares of Comstock (NYSE:LODE) in a report released on Wednesday. The brokerage set a “sell” rating on the stock.

Comstock Trading Up 9.0 %

LODE stock opened at $0.28 on Wednesday. Comstock has a 12 month low of $0.24 and a 12 month high of $0.99. The firm’s 50-day moving average is $0.33 and its 200 day moving average is $0.43. The company has a market capitalization of $38.42 million, a PE ratio of 3.47 and a beta of 2.04. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.49 and a quick ratio of 1.49.

Comstock (NYSE:LODE) last issued its earnings results on Monday, April 29th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Comstock had a negative return on equity of 5.56% and a net margin of 474.79%. The company had revenue of $0.43 million for the quarter, compared to analysts’ expectations of $0.54 million. On average, research analysts anticipate that Comstock will post -0.15 EPS for the current year.

Institutional Trading of Comstock

A hedge fund recently bought a new stake in Comstock stock. Mission Wealth Management LP acquired a new stake in shares of Comstock Inc. (NYSE:LODE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 reporting period. Institutional investors and hedge funds own 7.96% of the company’s stock.

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.