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

Investment analysts at StockNews.com started coverage on shares of Comstock (NYSE:LODE) in a report issued on Wednesday. The firm set a “sell” rating on the stock.

Comstock Stock Performance

NYSE:LODE opened at $0.15 on Wednesday. The firm’s fifty day moving average price is $0.23 and its 200 day moving average price is $0.36. Comstock has a 1-year low of $0.15 and a 1-year high of $0.83. 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 firm has a market cap of $21.15 million, a price-to-earnings ratio of 1.91 and a beta of 1.92.

Comstock (NYSE:LODE) last posted its quarterly earnings data on Monday, April 29th. The company reported ($0.06) earnings per share 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 firm had revenue of $0.43 million during the quarter, compared to analysts’ expectations of $0.54 million. On average, sell-side analysts expect that Comstock will post -0.16 EPS for the current year.

Insider Activity at Comstock

In other news, CEO Corrado Degasperis acquired 1,250,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average cost of $0.40 per share, for a total transaction of $500,000.00. Following the transaction, the chief executive officer now directly owns 1,358,180 shares in the company, valued at approximately $543,272. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 1,340,000 shares of company stock worth $523,900 in the last three months. Insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Comstock

An institutional investor recently bought a new position in Comstock stock. Kingswood Wealth Advisors LLC purchased a new position in shares of Comstock Inc. (NYSE:LODE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 233,000 shares of the company’s stock, valued at approximately $128,000. Kingswood Wealth Advisors LLC owned 0.20% of Comstock as of its most recent SEC filing. 7.96% of the stock is currently owned by institutional investors.

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.