Comstock (NYSE:LODE) Now Covered by StockNews.com

Research analysts at StockNews.com began coverage on shares of Comstock (NYSE:LODE) in a report released on Monday. The firm set a “sell” rating on the stock.

Comstock Price Performance

Shares of NYSE:LODE opened at $0.29 on Monday. Comstock has a fifty-two week low of $0.28 and a fifty-two week high of $0.99. The business has a 50-day moving average of $0.38 and a two-hundred day moving average of $0.44. The stock has a market capitalization of $35.54 million, a P/E ratio of 3.62 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.

Comstock (NYSE:LODE) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.03) earnings per share for the quarter, topping 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 company had revenue of $0.45 million during the quarter, compared to analysts’ expectations of $1.10 million. On average, equities research analysts predict that Comstock will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Comstock

An institutional investor recently bought a new position in Comstock stock. Mission Wealth Management LP purchased a new stake in shares of Comstock Inc. (NYSE:LODE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 85,366 shares of the company’s stock, valued at approximately $47,000. Mission Wealth Management LP owned 0.07% of Comstock as of its most recent SEC filing. Hedge funds and other institutional investors 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.