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

Investment analysts at StockNews.com assumed coverage on shares of Comstock (NYSE:LODE) in a research report issued on Sunday. The brokerage set a “sell” rating on the stock.

Comstock Stock Down 5.4 %

LODE opened at $0.32 on Friday. The company has a market capitalization of $37.24 million, a P/E ratio of 4.02 and a beta of 2.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.56 and a quick ratio of 1.56. The firm’s fifty day moving average price is $0.40 and its two-hundred day moving average price is $0.45. Comstock has a fifty-two week low of $0.31 and a fifty-two week high of $0.99.

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

Institutional Trading of Comstock

A number of large investors have recently bought and sold shares of LODE. XTX Topco Ltd acquired a new stake in shares of Comstock in the 2nd quarter valued at $26,000. Charles Schwab Investment Management Inc. bought a new position in Comstock during the 2nd quarter valued at about $44,000. Mission Wealth Management LP acquired a new position in Comstock in the fourth quarter valued at about $47,000. Northern Trust Corp grew its stake in Comstock by 19.6% during the fourth quarter. Northern Trust Corp now owns 157,009 shares of the company’s stock worth $86,000 after buying an additional 25,684 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Comstock by 609.3% during the fourth quarter. Renaissance Technologies LLC now owns 320,206 shares of the company’s stock worth $88,000 after buying an additional 275,060 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors.

About Comstock

Comstock Inc engages in systemic decarbonization business in Nevada. It operates through Renewable Energy, Metals and Mining, and Strategic and Corporate Investments segments. The company produces aviation, and marine fuel; carbon neutral ethanol, oil, gasoline, renewable diesel, and other renewable replacements.