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

Comstock Inc. (NYSEAMERICAN:LODE) was the recipient of some unusual options trading on Friday. Traders bought 3,001 put options on the stock. This is an increase of approximately 76% compared to the average daily volume of 1,708 put options.

Comstock Trading Up 2.4%

Shares of LODE stock traded up $0.08 during trading on Friday, hitting $3.40. 365,956 shares of the stock traded hands, compared to its average volume of 2,149,649. Comstock has a 52-week low of $1.67 and a 52-week high of $4.80. The firm has a market capitalization of $174.28 million, a P/E ratio of -2.83 and a beta of 1.25. The firm’s fifty day moving average price is $3.41 and its 200-day moving average price is $3.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.54 and a quick ratio of 2.54.

Analyst Upgrades and Downgrades

Separately, Noble Financial cut 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, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.00.

Hedge Funds Weigh In On Comstock

Hedge funds have recently modified their holdings of the business. Jefferies Financial Group Inc. acquired a new stake in shares of Comstock during the 4th quarter worth about $39,000. Virtu Financial LLC purchased a new position in Comstock during the third quarter worth about $44,000. MML Investors Services LLC acquired a new stake in shares of Comstock during the fourth quarter valued at about $45,000. Marathon Capital Management increased its position in shares of Comstock by 48.1% during the third 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 last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Comstock in the 3rd quarter valued at approximately $78,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

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.