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

Equities researchers at StockNews.com initiated coverage on shares of Comstock (NYSE:LODE) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the stock.

Comstock Stock Performance

NYSE LODE opened at $0.17 on Tuesday. The stock has a 50-day simple moving average of $0.25 and a 200 day simple moving average of $0.38. The company has a market capitalization of $23.75 million, a PE ratio of 2.15 and a beta of 1.93. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.11. Comstock has a 12 month low of $0.16 and a 12 month high of $0.88.

Comstock (NYSE:LODE) last posted its earnings results 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). Comstock had a net margin of 474.79% and a negative return on equity of 5.56%. The business had revenue of $0.43 million during the quarter, compared to analyst estimates of $0.54 million. Research analysts forecast that Comstock will post -0.16 EPS for the current year.

Insider Transactions at Comstock

In other news, CEO Corrado Degasperis acquired 1,250,000 shares of Comstock stock in a transaction dated Friday, May 17th. The stock was bought at an average cost of $0.40 per share, with a total value of $500,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,358,180 shares of the company’s stock, valued at $543,272. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 1,340,000 shares of company stock valued at $523,900 over the last three months. Company insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Comstock stock. Kingswood Wealth Advisors LLC bought a new position in shares of Comstock Inc. (NYSE:LODE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 233,000 shares of the company’s stock, valued at approximately $128,000. Kingswood Wealth Advisors LLC owned approximately 0.20% of Comstock as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.