Comstock (NYSE:LODE) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Comstock (NYSE:LODE) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

Comstock Trading Down 9.4 %

NYSE LODE opened at $0.25 on Tuesday. The company’s fifty day simple moving average is $0.36 and its 200-day simple moving average is $0.44. The stock has a market cap of $30.84 million, a P/E ratio of 3.45 and a beta of 2.00. Comstock has a 52 week low of $0.24 and a 52 week high of $0.99. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.07.

Comstock (NYSE:LODE) last issued its quarterly earnings data on Monday, April 29th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $0.43 million during the quarter, compared to analyst estimates of $0.54 million. Comstock had a negative return on equity of 4.04% and a net margin of 718.51%. Equities research analysts predict that Comstock will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Comstock

A hedge fund recently bought a new stake in Comstock stock. Kingswood Wealth Advisors LLC purchased a new position in Comstock Inc. (NYSE:LODE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 233,000 shares of the company’s stock, valued at approximately $128,000. Kingswood Wealth Advisors LLC owned about 0.20% of Comstock at the end of the most recent quarter. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

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.