Comstock Target of Unusually Large Options Trading (NYSEAMERICAN:LODE)

Comstock Inc. (NYSEAMERICAN:LODE) saw unusually large options trading activity on Tuesday. Investors bought 3,213 call options on the company. This represents an increase of approximately 210% compared to the average daily volume of 1,035 call options.

Comstock Trading Down 1.9%

Shares of LODE stock opened at $3.53 on Thursday. The business’s fifty day moving average price is $3.71 and its 200 day moving average price is $3.33. The firm has a market capitalization of $180.95 million, a PE ratio of -2.94 and a beta of 1.61. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.54 and a quick ratio of 2.54. Comstock has a 1-year low of $1.67 and a 1-year high of $4.80.

Comstock (NYSEAMERICAN:LODE) last issued its earnings results on Wednesday, October 29th. The company reported ($0.31) EPS for the quarter. Comstock had a negative return on equity of 58.44% and a negative net margin of 1,893.74%.The company had revenue of $0.05 million for the quarter. As a group, sell-side analysts forecast that Comstock will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LODE. Marathon Capital Management lifted its position in shares of Comstock by 48.1% during the 3rd quarter. Marathon Capital Management now owns 20,000 shares of the company’s stock valued at $68,000 after acquiring an additional 6,500 shares during the period. Quadrant Private Wealth Management LLC increased its stake in Comstock by 14.7% in the 2nd quarter. Quadrant Private Wealth Management LLC now owns 95,160 shares of the company’s stock valued at $361,000 after purchasing an additional 12,160 shares in the last quarter. Virtu Financial LLC acquired a new position in Comstock during the third quarter worth $44,000. Belvedere Trading LLC acquired a new position in Comstock during the second quarter worth $55,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Comstock during the third quarter worth $78,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Noble Financial downgraded shares of Comstock from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 24th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.00.

Comstock Company Profile

Comstock Mining, Inc (NYSE: LODE) is a growth-oriented mineral exploration and production company focused on the historic Comstock Lode in Virginia City, Nevada. The company’s primary business activities include the development, extraction and sale of gold and silver from its flagship Lucerne project. Comstock leverages modern mining techniques and infrastructure to access high-grade ore bodies in one of North America’s most renowned silver-gold districts.

In addition to its core precious metals operations, Comstock Mining maintains a commercial real estate division centered in Virginia City’s historic district.