Comstock Stock Set to Reverse Split on Tuesday, February 25th (NYSE:LODE)

Comstock Inc. (NYSE:LODE)’s stock is set to reverse split before the market opens on Tuesday, February 25th. The 1-10 reverse split was announced on Friday, February 14th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 24th.

Comstock Stock Down 4.5 %

LODE stock opened at $0.35 on Monday. Comstock has a twelve month low of $0.13 and a twelve month high of $1.01. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.16. The firm has a market cap of $82.63 million, a PE ratio of -2.93 and a beta of 1.66. The business has a 50 day moving average of $0.43 and a 200 day moving average of $0.37.

Analyst Upgrades and Downgrades

Separately, Noble Financial lowered Comstock from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 18th.

Hedge Funds Weigh In On Comstock

Institutional investors and hedge funds have recently modified their holdings of the company. CGN Advisors LLC purchased a new position in Comstock during the fourth quarter valued at $31,000. XTX Topco Ltd purchased a new position in Comstock during the third quarter valued at $36,000. PEAK6 LLC purchased a new position in Comstock during the fourth quarter valued at $156,000. Kingswood Wealth Advisors LLC lifted its position in Comstock by 1,250.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 270,000 shares of the company’s stock valued at $216,000 after purchasing an additional 250,000 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Comstock by 180.4% during the fourth quarter. Northern Trust Corp now owns 438,743 shares of the company’s stock valued at $351,000 after purchasing an additional 282,266 shares in the last quarter. 7.96% of the stock is currently owned by hedge funds and other 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.