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

StockNews.com assumed coverage on shares of Comstock (NYSE:LODE) in a research note released on Tuesday. The firm issued a sell rating on the stock.

Comstock Trading Down 3.5 %

Shares of NYSE LODE opened at $0.16 on Tuesday. Comstock has a twelve month low of $0.16 and a twelve month high of $0.83. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $0.24 and a two-hundred day simple moving average of $0.37. The firm has a market cap of $22.67 million, a PE ratio of 2.05 and a beta of 1.93.

Comstock (NYSE:LODE) last released its quarterly earnings data on Monday, April 29th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $0.43 million during the quarter, compared to analysts’ expectations of $0.54 million. Comstock had a negative return on equity of 5.56% and a net margin of 474.79%. Analysts expect that Comstock will post -0.16 earnings per share for the current fiscal year.

Insider Activity at Comstock

In related news, CEO Corrado Degasperis purchased 1,250,000 shares of Comstock stock in a transaction dated Friday, May 17th. The stock was purchased at an average cost of $0.40 per share, with a total value of $500,000.00. Following the transaction, the chief executive officer now owns 1,358,180 shares in the company, valued at approximately $543,272. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have acquired a total of 1,340,000 shares of company stock valued at $523,900 over the last ninety days. 8.50% of the stock is owned by company insiders.

Institutional Trading of Comstock

An institutional investor recently bought a new position in Comstock stock. Kingswood Wealth Advisors LLC bought a new stake in shares of Comstock Inc. (NYSE:LODE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 233,000 shares of the company’s stock, valued at approximately $128,000. Kingswood Wealth Advisors LLC owned approximately 0.20% of Comstock at the end of the most recent reporting period. 7.96% of the stock is currently owned by institutional investors and hedge funds.

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.