Comstock (NYSE:LODE) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Comstock (NYSE:LODE) in a report released on Wednesday. The firm set a “sell” rating on the stock.

Comstock Stock Performance

Shares of LODE stock opened at $0.25 on Wednesday. Comstock has a fifty-two week low of $0.24 and a fifty-two week high of $0.99. The company has a market capitalization of $34.70 million, a P/E ratio of 3.14 and a beta of 2.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a 50 day moving average price of $0.34 and a two-hundred day moving average price of $0.43.

Comstock (NYSE:LODE) last posted its earnings results on Monday, April 29th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Comstock had a negative return on equity of 5.56% and a net margin of 474.79%. The firm had revenue of $0.43 million for the quarter, compared to analysts’ expectations of $0.54 million. Analysts expect that Comstock will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Comstock

A hedge fund recently bought a new stake in Comstock stock. Mission Wealth Management LP bought a new position in Comstock Inc. (NYSE:LODE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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.