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

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

Comstock Trading Up 10.1 %

Comstock stock opened at $0.18 on Tuesday. The business has a 50 day moving average price of $0.24 and a two-hundred day moving average price of $0.37. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.11. The stock has a market cap of $24.59 million, a price-to-earnings ratio of 2.22 and a beta of 1.93. Comstock has a 12 month low of $0.16 and a 12 month high of $0.88.

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 firm had revenue of $0.43 million during the quarter, compared to analyst estimates of $0.54 million. Comstock had a net margin of 474.79% and a negative return on equity of 5.56%. As a group, equities analysts forecast that Comstock will post -0.16 EPS for the current year.

Insider Transactions at Comstock

In related news, CEO Corrado Degasperis bought 1,250,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of $0.40 per share, with a total value of $500,000.00. Following the acquisition, the chief executive officer now owns 1,358,180 shares in the company, valued at approximately $543,272. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders purchased 1,340,000 shares of company stock valued at $523,900. Corporate insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Comstock

A hedge fund recently bought a new stake in Comstock stock. Kingswood Wealth Advisors LLC purchased a new position in shares of Comstock Inc. (NYSE:LODE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 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 reporting period. 7.96% of the stock is 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.