Comstock (NYSE:LODE) Trading 1.2% Higher – Here’s Why

Shares of Comstock Inc. (NYSE:LODEGet Free Report) were up 1.2% on Monday . The stock traded as high as $2.64 and last traded at $2.58. Approximately 466,604 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 564,697 shares. The stock had previously closed at $2.55.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Comstock to a “sell” rating in a research report on Wednesday, March 12th.

View Our Latest Analysis on LODE

Comstock Stock Performance

The company’s 50-day moving average price is $2.31 and its two-hundred day moving average price is $3.44. The company has a market capitalization of $69.41 million, a price-to-earnings ratio of -21.50 and a beta of 1.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.45 and a quick ratio of 2.45.

Institutional Trading of Comstock

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Comstock by 21.1% during the 4th quarter. Geode Capital Management LLC now owns 1,942,689 shares of the company’s stock valued at $1,556,000 after purchasing an additional 338,538 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its stake in Comstock by 45.0% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 725,000 shares of the company’s stock valued at $580,000 after buying an additional 225,000 shares during the period. Mariner LLC acquired a new stake in shares of Comstock during the 4th quarter worth approximately $441,000. Northern Trust Corp increased its stake in shares of Comstock by 180.4% in the 4th quarter. Northern Trust Corp now owns 438,743 shares of the company’s stock valued at $351,000 after acquiring an additional 282,266 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its position in shares of Comstock by 1,250.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 270,000 shares of the company’s stock valued at $216,000 after acquiring an additional 250,000 shares during the period. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Comstock Company Profile

(Get Free Report)

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.

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