Comstock Stock Set to Reverse Split on Tuesday, February 25th (NYSE:LODE)

Shares of Comstock Inc. (NYSE:LODE) are going to reverse split before the market opens on Tuesday, February 25th. The 1-10 reverse split was announced on Friday, February 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 24th.

Comstock Trading Down 4.7 %

Shares of LODE stock opened at $0.29 on Friday. Comstock has a 12-month low of $0.13 and a 12-month high of $1.01. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $0.42 and its 200 day moving average is $0.38. The stock has a market capitalization of $67.49 million, a P/E ratio of -2.39 and a beta of 1.66.

Wall Street Analysts Forecast Growth

Separately, Noble Financial cut shares of Comstock from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LODE. XTX Topco Ltd purchased a new position in shares of Comstock during the 3rd quarter worth $36,000. Geode Capital Management LLC raised its position in shares of Comstock by 54.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,604,151 shares of the company’s stock valued at $759,000 after purchasing an additional 568,721 shares during the period. CGN Advisors LLC bought a new stake in shares of Comstock during the 4th quarter valued at $31,000. Kingswood Wealth Advisors LLC raised 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 purchasing an additional 250,000 shares during the period. Finally, Quadrant Private Wealth Management LLC raised its position in shares of Comstock by 45.0% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 725,000 shares of the company’s stock valued at $580,000 after purchasing an additional 225,000 shares during the period. Hedge funds and other 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.