Comstock (NYSE:LODE) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Comstock (NYSE:LODE) in a report issued on Thursday. The firm set a “sell” rating on the stock.

Comstock Trading Up 6.2 %

Shares of Comstock stock opened at $0.18 on Thursday. The firm has a market capitalization of $24.68 million, a PE ratio of 2.23 and a beta of 1.91. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $0.21 and its 200 day moving average is $0.35. Comstock has a 1 year low of $0.14 and a 1 year high of $0.74.

Comstock (NYSE:LODE) last posted 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). Comstock had a net margin of 474.79% and a negative return on equity of 5.56%. The firm had revenue of $0.43 million during the quarter, compared to the consensus estimate of $0.54 million. Equities research analysts forecast that Comstock will post -0.16 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Corrado Degasperis bought 1,250,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of $0.40 per share, for a total transaction of $500,000.00. Following the transaction, the chief executive officer now directly owns 1,358,180 shares of the company’s stock, valued at $543,272. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have bought 1,340,000 shares of company stock valued at $523,900. 8.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Comstock stock. Kingswood Wealth Advisors LLC bought a new position in Comstock Inc. (NYSE:LODE) in the 4th quarter, according to the company in its most recent filing with the SEC. 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. Institutional investors and hedge funds 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.