Geode Capital Management LLC Grows Stock Position in Comstock Inc. (NYSE:LODE)

Geode Capital Management LLC raised its stake in shares of Comstock Inc. (NYSE:LODE) by 54.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,604,151 shares of the company’s stock after buying an additional 568,721 shares during the quarter. Geode Capital Management LLC owned about 0.76% of Comstock worth $759,000 at the end of the most recent reporting period.

Separately, XTX Topco Ltd acquired a new stake in shares of Comstock during the 3rd quarter worth about $36,000. 7.96% of the stock is currently owned by institutional investors.

Comstock Stock Performance

NYSE:LODE opened at $0.53 on Friday. Comstock Inc. has a fifty-two week low of $0.13 and a fifty-two week high of $1.01. The firm’s 50 day moving average is $0.44 and its two-hundred day moving average is $0.34. The company has a market cap of $116.12 million, a P/E ratio of -4.42 and a beta of 1.66. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.16.

Comstock (NYSE:LODE) last issued its earnings results on Tuesday, October 22nd. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $0.69 million. Comstock had a negative return on equity of 33.56% and a negative net margin of 1,210.13%. Analysts expect that Comstock Inc. will post -0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LODE. StockNews.com started coverage on shares of Comstock in a research note on Saturday, September 21st. They set a “sell” rating on the stock. Noble Financial lowered Comstock from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 18th.

Comstock 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.