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

Investment analysts at StockNews.com initiated coverage on shares of Comstock (NYSE:LODE) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the stock.

Comstock Stock Up 6.2 %

NYSE:LODE opened at $0.18 on Thursday. The firm’s 50-day moving average price is $0.21 and its 200-day moving average price is $0.35. The company has a market capitalization of $24.68 million, a PE ratio of 2.23 and a beta of 1.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.49 and a quick ratio of 1.49. Comstock has a 1-year low of $0.14 and a 1-year high of $0.74.

Comstock (NYSE:LODE) last announced its quarterly earnings results on Monday, April 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $0.43 million during the quarter, compared to the consensus estimate 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 predict that Comstock will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Corrado Degasperis bought 1,250,000 shares of Comstock stock in a transaction that occurred on Friday, May 17th. The stock was bought at an average cost of $0.40 per share, with a total value of $500,000.00. Following the acquisition, the chief executive officer now owns 1,358,180 shares of the company’s stock, valued at approximately $543,272. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders bought 1,340,000 shares of company stock valued at $523,900. 8.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Comstock

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) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 85,366 shares of the company’s stock, valued at approximately $47,000. Mission Wealth Management LP owned approximately 0.07% of Comstock at the end of the most recent reporting period. 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.