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

StockNews.com started coverage on shares of Comstock (NYSE:LODE) in a research report report published on Saturday. The brokerage issued a sell rating on the stock.

Separately, Noble Financial raised shares of Comstock from a market perform rating to an outperform rating and set a $2.60 price objective for the company in a research report on Monday, August 12th.

Comstock Price Performance

Shares of NYSE LODE opened at $0.39 on Friday. The firm has a market capitalization of $53.92 million, a P/E ratio of 4.88 and a beta of 1.91. The firm’s 50-day moving average price is $0.22 and its 200-day moving average price is $0.25. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.11. Comstock has a 1-year low of $0.13 and a 1-year high of $0.63.

Comstock (NYSE:LODE) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $0.43 million for the quarter, compared to the consensus estimate of $0.57 million. Comstock had a net margin of 230.15% and a negative return on equity of 8.67%. Equities research analysts anticipate that Comstock will post -0.17 earnings per share for the current fiscal year.

Insider Activity at Comstock

In related news, Director Leo M. Drozdoff bought 200,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $0.15 per share, for a total transaction of $30,000.00. Following the purchase, the director now directly owns 600,000 shares in the company, valued at $90,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Comstock stock. Farther Finance Advisors LLC lifted its holdings in Comstock Inc. (NYSE:LODE) by 19.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,356,958 shares of the company’s stock after acquiring an additional 219,622 shares during the quarter. Farther Finance Advisors LLC owned 0.98% of Comstock worth $223,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.