Comstock (NYSE:LODE) Raised to Sell at StockNews.com

StockNews.com upgraded shares of Comstock (NYSE:LODE) to a sell rating in a research report report published on Wednesday morning.

Separately, Noble Financial lowered Comstock from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 18th.

Comstock Price Performance

LODE opened at $2.49 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 2.45. Comstock has a 52-week low of $1.25 and a 52-week high of $10.10. The stock has a market capitalization of $58.53 million, a PE ratio of -20.75 and a beta of 1.59. The stock’s 50 day moving average price is $3.66 and its 200-day moving average price is $3.88.

Institutional Investors Weigh In On Comstock

Hedge funds have recently added to or reduced their stakes in the stock. CGN Advisors LLC bought a new stake in Comstock in the fourth quarter worth $31,000. XTX Topco Ltd bought a new position in shares of Comstock during the third quarter valued at $36,000. PEAK6 LLC purchased a new stake in shares of Comstock during the fourth quarter valued at $156,000. Kingswood Wealth Advisors LLC boosted its position in shares of Comstock by 1,250.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 270,000 shares of the company’s stock valued at $216,000 after buying an additional 250,000 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Comstock by 180.4% during the fourth quarter. Northern Trust Corp now owns 438,743 shares of the company’s stock valued at $351,000 after buying an additional 282,266 shares during the last quarter. 7.96% of the stock is owned by institutional investors.

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.