Comstock (NYSE:LODE) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Comstock (NYSE:LODE) in a research note released on Monday. The firm issued a sell rating on the stock.

Comstock Price Performance

Shares of LODE stock opened at $0.29 on Monday. Comstock has a 1 year low of $0.28 and a 1 year high of $0.99. The stock has a market cap of $34.99 million, a PE ratio of 3.57 and a beta of 2.01. The business’s fifty day moving average is $0.38 and its 200-day moving average is $0.44. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.56 and a current ratio of 1.56.

Comstock (NYSE:LODE) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. Comstock had a negative return on equity of 4.04% and a net margin of 718.51%. The company had revenue of $0.45 million for the quarter, compared to analysts’ expectations of $1.10 million. Equities analysts expect that Comstock will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Comstock

An institutional investor recently bought a new position in Comstock stock. Kingswood Wealth Advisors LLC bought a new position in Comstock Inc. (NYSE:LODE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 SEC filing. Hedge funds and other 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.