Comstock (NYSE:LODE) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Comstock (NYSE:LODE) in a research report released on Saturday morning. The brokerage issued a sell rating on the stock.

Comstock Price Performance

LODE stock opened at $0.16 on Friday. The firm has a fifty day moving average price of $0.19 and a 200 day moving average price of $0.32. Comstock has a fifty-two week low of $0.14 and a fifty-two week high of $0.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.49 and a quick ratio of 1.49.

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 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%. Sell-side analysts forecast that Comstock will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Comstock

In related news, CEO Corrado Degasperis bought 1,250,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was purchased at an average price of $0.40 per share, for a total transaction of $500,000.00. Following the acquisition, the chief executive officer now owns 1,358,180 shares in the company, valued at $543,272. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 1,340,000 shares of company stock worth $523,900 over the last ninety days. Company insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On 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 fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 233,000 shares of the company’s stock, valued at approximately $128,000. Kingswood Wealth Advisors LLC owned about 0.20% of Comstock as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.