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

StockNews.com assumed coverage on shares of Comstock (NYSE:LODE) in a research report sent to investors on Thursday. The brokerage issued a sell rating on the stock.

Separately, Noble Financial raised Comstock from a market perform rating to an outperform rating and set a $2.60 target price for the company in a research report on Monday, August 12th.

Comstock Stock Down 3.1 %

Shares of LODE stock opened at $0.30 on Thursday. The stock has a market cap of $41.68 million, a P/E ratio of 3.77 and a beta of 1.91. Comstock has a one year low of $0.13 and a one year high of $0.63. The stock has a fifty day moving average price of $0.18 and a 200 day moving average price of $0.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.14 and a quick ratio of 2.14.

Comstock (NYSE:LODE) last issued its earnings results on Thursday, August 8th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $0.43 million during the quarter, compared to the consensus estimate of $0.57 million. Comstock had a negative return on equity of 8.67% and a net margin of 230.15%. Analysts predict that Comstock will post -0.17 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Leo M. Drozdoff acquired 200,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of $0.15 per share, for a total transaction of $30,000.00. Following the completion of the purchase, the director now directly owns 600,000 shares of the company’s stock, valued at approximately $90,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Comstock stock. Farther Finance Advisors LLC grew its holdings in Comstock Inc. (NYSE:LODE) by 19.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,356,958 shares of the company’s stock after buying an additional 219,622 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.98% of Comstock worth $223,000 at the end of the most recent reporting period. Institutional investors 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.