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 issued on Wednesday.

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

Comstock Price Performance

Comstock stock opened at $2.42 on Wednesday. Comstock has a 12-month low of $1.25 and a 12-month high of $10.10. The stock has a market cap of $58.66 million, a P/E ratio of -20.16 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 company has a fifty day simple moving average of $3.55 and a 200-day simple moving average of $3.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LODE. CGN Advisors LLC acquired a new stake in shares of Comstock in the fourth quarter valued at approximately $31,000. XTX Topco Ltd acquired a new stake in shares of Comstock in the third quarter valued at approximately $36,000. PEAK6 LLC acquired a new stake in shares of Comstock in the fourth quarter valued at approximately $156,000. Kingswood Wealth Advisors LLC lifted its stake in shares of Comstock by 1,250.0% during the fourth 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 during the period. Finally, Northern Trust Corp lifted its stake in shares of Comstock by 180.4% during the fourth quarter. Northern Trust Corp now owns 438,743 shares of the company’s stock valued at $351,000 after buying an additional 282,266 shares during the period. 7.96% of the stock is currently 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.