Comstock (NYSE:LODE) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Comstock (NYSE:LODE) in a research report issued on Friday. The firm set a “sell” rating on the stock.

Comstock Stock Up 2.4 %

LODE opened at $0.25 on Friday. The company has a market cap of $34.53 million, a P/E ratio of 3.12 and a beta of 2.04. The business’s 50-day moving average price is $0.31 and its 200-day moving average price is $0.42. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.11. Comstock has a 12 month low of $0.23 and a 12 month high of $0.99.

Comstock (NYSE:LODE) last released its quarterly earnings data on Monday, April 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The company 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%. On average, equities analysts expect that Comstock will post -0.16 EPS for the current year.

Insider Transactions at Comstock

In other Comstock news, CEO Corrado Degasperis purchased 1,250,000 shares of Comstock stock in a transaction that occurred on Friday, May 17th. The shares were bought 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 directly owns 1,358,180 shares in the company, valued at $543,272. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have purchased 1,315,000 shares of company stock worth $517,650. Company insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Comstock stock. Mission Wealth Management LP acquired a new stake in shares of Comstock Inc. (NYSE:LODE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 85,366 shares of the company’s stock, valued at approximately $47,000. Mission Wealth Management LP owned approximately 0.07% of Comstock as of its most recent filing with the SEC. 7.96% of the stock is owned by institutional investors and hedge funds.

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.