Comstock (NYSE:LODE) Coverage Initiated at StockNews.com

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

Comstock Stock Performance

Shares of NYSE LODE opened at $0.18 on Tuesday. The firm has a fifty day moving average price of $0.24 and a 200-day moving average price of $0.37. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $24.59 million, a PE ratio of 2.22 and a beta of 1.93. Comstock has a 1 year low of $0.16 and a 1 year high of $0.88.

Comstock (NYSE:LODE) last announced its quarterly earnings data on Monday, April 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $0.43 million during the quarter, compared to analysts’ expectations of $0.54 million. Comstock had a negative return on equity of 5.56% and a net margin of 474.79%. Equities analysts anticipate that Comstock will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Corrado Degasperis bought 1,250,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average price of $0.40 per share, for a total transaction of $500,000.00. Following the completion of the transaction, the chief executive officer now owns 1,358,180 shares in the company, valued at $543,272. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders purchased 1,340,000 shares of company stock worth $523,900. 8.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Comstock

A hedge fund recently bought a new stake in Comstock stock. Mission Wealth Management LP acquired a new stake in shares of Comstock Inc. (NYSE:LODE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 85,366 shares of the company’s stock, valued at approximately $47,000. Mission Wealth Management LP owned about 0.07% of Comstock as of its most recent SEC filing. 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.