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

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

Separately, Noble Financial upgraded Comstock from a market perform rating to an outperform rating and set a $2.60 target price on the stock in a report on Monday, August 12th.

Comstock Stock Down 5.5 %

LODE opened at $0.32 on Friday. The stock has a market capitalization of $55.83 million, a price-to-earnings ratio of 3.98 and a beta of 1.91. Comstock has a 12 month low of $0.13 and a 12 month high of $0.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.14 and a quick ratio of 2.14. The business has a 50-day moving average of $0.19 and a two-hundred day moving average of $0.25.

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

Insider Activity at Comstock

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

Institutional Investors Weigh In On Comstock

An institutional investor recently raised its position in Comstock stock. Farther Finance Advisors LLC raised its position in Comstock Inc. (NYSE:LODE) by 19.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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. 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.