StockNews.com Upgrades Comstock (NYSE:LODE) to “Sell”

Comstock (NYSE:LODE) was upgraded by research analysts at StockNews.com to a “sell” rating in a report released on Wednesday.

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

Comstock Stock Performance

NYSE:LODE opened at $2.42 on Wednesday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.16. The company has a market cap of $58.66 million, a P/E ratio of -20.16 and a beta of 1.59. Comstock has a fifty-two week low of $1.25 and a fifty-two week high of $10.10. The firm’s 50 day moving average is $3.55 and its two-hundred day moving average is $3.87.

Institutional Investors Weigh In On Comstock

A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Comstock by 21.1% during the 4th quarter. Geode Capital Management LLC now owns 1,942,689 shares of the company’s stock valued at $1,556,000 after purchasing an additional 338,538 shares in the last quarter. Quadrant Private Wealth Management LLC grew its holdings in Comstock by 45.0% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 725,000 shares of the company’s stock worth $580,000 after acquiring an additional 225,000 shares in the last quarter. Mariner LLC acquired a new position in Comstock during the 4th quarter worth $441,000. Northern Trust Corp grew its holdings in Comstock by 180.4% during the 4th quarter. Northern Trust Corp now owns 438,743 shares of the company’s stock worth $351,000 after acquiring an additional 282,266 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its holdings in 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 acquiring an additional 250,000 shares in the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

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.