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

Analysts at StockNews.com began coverage on shares of Comstock (NYSE:LODE) in a research note issued on Wednesday. The brokerage set a “sell” rating on the stock.

Comstock Stock Performance

NYSE:LODE opened at $0.25 on Wednesday. Comstock has a twelve month low of $0.24 and a twelve month high of $0.99. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $34.70 million, a P/E ratio of 3.14 and a beta of 2.04. The company has a fifty day moving average of $0.34 and a 200-day moving average of $0.43.

Comstock (NYSE:LODE) last announced its quarterly earnings results on Monday, April 29th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $0.43 million during the quarter, compared to the consensus estimate of $0.54 million. Comstock had a net margin of 474.79% and a negative return on equity of 5.56%. As a group, sell-side analysts anticipate that Comstock will post -0.15 EPS for the current year.

Institutional Trading of 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) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 233,000 shares of the company’s stock, valued at approximately $128,000. Kingswood Wealth Advisors LLC owned about 0.20% of Comstock as of its most recent SEC filing. 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.