Comstock (NYSE:LODE) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Comstock (NYSE:LODE) in a research report sent to investors on Sunday morning. The firm issued a sell rating on the stock.

Comstock Stock Performance

Shares of LODE opened at $0.31 on Friday. The company has a market capitalization of $35.58 million, a PE ratio of 3.84 and a beta of 2.01. Comstock has a one year low of $0.30 and a one year 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 company’s fifty day moving average price is $0.40 and its 200 day moving average price is $0.45.

Comstock (NYSE:LODE) last announced its earnings results on Wednesday, February 28th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $0.45 million for the quarter, compared to the consensus estimate of $1.10 million. Comstock had a net margin of 718.51% and a negative return on equity of 4.04%. As a group, analysts expect that Comstock will post -0.15 earnings per share for the current year.

Institutional Trading of Comstock

Several institutional investors have recently made changes to their positions in LODE. Vanguard Group Inc. boosted its position in Comstock by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 3,254,152 shares of the company’s stock valued at $1,783,000 after buying an additional 60,303 shares in the last quarter. Northern Trust Corp raised its stake in shares of Comstock by 19.6% in the fourth quarter. Northern Trust Corp now owns 157,009 shares of the company’s stock worth $86,000 after acquiring an additional 25,684 shares during the last quarter. Mission Wealth Management LP bought a new position in shares of Comstock in the fourth quarter worth about $47,000. Kingswood Wealth Advisors LLC bought a new position in shares of Comstock in the fourth quarter worth about $128,000. Finally, XTX Topco Ltd bought a new position in shares of Comstock in the second quarter worth about $26,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

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.