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

StockNews.com started coverage on shares of Comstock (NYSE:LODE) in a research note issued to investors on Friday. The brokerage issued a sell rating on the stock.

Comstock Price Performance

LODE opened at $0.47 on Friday. The firm has a 50-day simple moving average of $0.43 and a two-hundred day simple moving average of $0.45. Comstock has a 52 week low of $0.24 and a 52 week high of $0.99. The company has a market capitalization of $55.06 million, a PE ratio of -1.81 and a beta of 2.16. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.08.

Comstock (NYSE:LODE) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. Comstock had a negative net margin of 2,266.90% and a negative return on equity of 12.67%. The company had revenue of $0.76 million for the quarter, compared to analyst estimates of $1.16 million. Analysts forecast that Comstock will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of Comstock

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in Comstock by 609.3% during the fourth quarter. Renaissance Technologies LLC now owns 320,206 shares of the company’s stock valued at $88,000 after buying an additional 275,060 shares during the period. Spire Wealth Management purchased a new stake in Comstock during the 1st quarter valued at about $56,000. Geode Capital Management LLC grew its stake in shares of Comstock by 27.5% in the 2nd quarter. Geode Capital Management LLC now owns 701,485 shares of the company’s stock valued at $512,000 after buying an additional 151,092 shares during the period. BlackRock Inc. grew its stake in shares of Comstock by 48.9% in the 2nd quarter. BlackRock Inc. now owns 431,882 shares of the company’s stock valued at $315,000 after buying an additional 141,832 shares during the period. Finally, Prosperity Financial Group Inc. acquired a new position in shares of Comstock in the 2nd quarter worth approximately $84,000. Institutional investors own 5.17% of the company’s stock.

About Comstock

Comstock Inc engages in systemic decarbonization business in Nevada. It operates through Renewable Energy, Metals and Mining, and Strategic and Corporate Investments segments. The company produces aviation, and marine fuel; carbon neutral ethanol, oil, gasoline, renewable diesel, and other renewable replacements.