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

StockNews.com began coverage on shares of Comstock (NYSE:LODE) in a report released on Monday morning. The firm issued a sell rating on the stock.

Comstock Stock Performance

LODE stock opened at $0.29 on Monday. Comstock has a 1-year low of $0.28 and a 1-year high of $0.99. The firm has a market cap of $34.99 million, a P/E ratio of 3.57 and a beta of 2.01. The business’s 50 day moving average is $0.38 and its 200-day moving average is $0.44. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.07.

Comstock (NYSE:LODE) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. Comstock had a negative return on equity of 4.04% and a net margin of 718.51%. The company had revenue of $0.45 million for the quarter, compared to analyst estimates of $1.10 million. Equities analysts anticipate that Comstock will post -0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Comstock stock. Mission Wealth Management LP bought a new position in Comstock Inc. (NYSE:LODE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 85,366 shares of the company’s stock, valued at approximately $47,000. Mission Wealth Management LP owned approximately 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.

Comstock Company Profile

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.