Comstock (NYSE:LODE) Stock Price Down 9.7% – Should You Sell?

Shares of Comstock Inc. (NYSE:LODE) traded down 9.7% during mid-day trading on Wednesday . The company traded as low as $2.70 and last traded at $2.76. 444,292 shares changed hands during trading, a decline of 45% from the average session volume of 813,435 shares. The stock had previously closed at $3.05.

Wall Street Analyst Weigh In

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

Comstock Price Performance

The stock’s 50-day moving average is $4.18 and its two-hundred day moving average is $3.82. The stock has a market cap of $634.71 million, a PE ratio of -22.50 and a beta of 1.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 2.45.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd boosted its position in shares of Comstock by 43.9% during the 4th quarter. XTX Topco Ltd now owns 108,408 shares of the company’s stock worth $87,000 after acquiring an additional 33,095 shares in the last quarter. CGN Advisors LLC acquired a new stake in shares of Comstock in the fourth quarter valued at about $31,000. PEAK6 LLC purchased a new stake in Comstock during the fourth quarter worth $156,000. Quadrant Private Wealth Management LLC increased its position in Comstock by 45.0% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 725,000 shares of the company’s stock worth $580,000 after buying an additional 225,000 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of Comstock by 1,250.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 270,000 shares of the company’s stock worth $216,000 after purchasing an additional 250,000 shares during the period. 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.