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

StockNews.com initiated coverage on shares of Comstock (NYSE:LODE) in a report released on Sunday. The firm set a “sell” rating on the stock.

Comstock Price Performance

NYSE LODE opened at $0.32 on Friday. Comstock has a fifty-two week low of $0.31 and a fifty-two week high of $0.99. The stock has a market capitalization of $36.83 million, a PE ratio of 3.98 and a beta of 2.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.56 and a quick ratio of 1.56. The business has a fifty day moving average price of $0.40 and a two-hundred day moving average price of $0.45.

Comstock (NYSE:LODE) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Comstock had a negative return on equity of 4.04% and a net margin of 718.51%. The business had revenue of $0.45 million during the quarter, compared to the consensus estimate of $1.10 million. Equities analysts expect that Comstock will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Comstock

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Comstock by 41.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,193,849 shares of the company’s stock worth $1,309,000 after purchasing an additional 929,279 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Comstock by 609.3% during the 4th quarter. Renaissance Technologies LLC now owns 320,206 shares of the company’s stock valued at $88,000 after purchasing an additional 275,060 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Comstock during the 4th quarter valued at $128,000. Geode Capital Management LLC grew its position in shares of Comstock by 27.5% during the 2nd quarter. Geode Capital Management LLC now owns 701,485 shares of the company’s stock valued at $512,000 after purchasing an additional 151,092 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Comstock by 48.9% during the 2nd quarter. BlackRock Inc. now owns 431,882 shares of the company’s stock worth $315,000 after acquiring an additional 141,832 shares during the last quarter. Institutional investors own 7.96% of the company’s stock.

About Comstock

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.