Comstock (NYSE:LODE) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Comstock (NYSE:LODE) to a sell rating in a report published on Wednesday morning.

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

Comstock Stock Performance

Shares of LODE opened at $2.49 on Wednesday. The company has a market cap of $58.53 million, a PE ratio of -20.75 and a beta of 1.59. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $3.66 and a 200-day moving average price of $3.88. Comstock has a 12-month low of $1.25 and a 12-month high of $10.10.

Hedge Funds Weigh In On Comstock

Large investors have recently modified their holdings of the company. CGN Advisors LLC purchased a new position in shares of Comstock during the 4th quarter valued at about $31,000. XTX Topco Ltd purchased a new position in shares of Comstock during the 3rd quarter valued at about $36,000. PEAK6 LLC purchased a new position in shares of Comstock during the 4th quarter valued at about $156,000. Kingswood Wealth Advisors LLC raised its holdings 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 valued at $216,000 after buying an additional 250,000 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Comstock by 180.4% in the 4th quarter. Northern Trust Corp now owns 438,743 shares of the company’s stock worth $351,000 after purchasing an additional 282,266 shares during the period. 7.96% of the stock is owned by hedge funds and other institutional investors.

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.