Comstock Inc. $LODE Stock Position Raised by Apis Capital Advisors LLC

Apis Capital Advisors LLC increased its holdings in shares of Comstock Inc. (NYSEAMERICAN:LODE) by 48.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 504,000 shares of the company’s stock after acquiring an additional 164,000 shares during the quarter. Apis Capital Advisors LLC owned approximately 1.40% of Comstock worth $1,724,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Regal Partners Ltd bought a new position in shares of Comstock during the third quarter valued at approximately $3,954,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Comstock during the 2nd quarter worth approximately $152,000. Savvy Advisors Inc. lifted its holdings in shares of Comstock by 13.7% in the 3rd quarter. Savvy Advisors Inc. now owns 462,280 shares of the company’s stock worth $1,581,000 after purchasing an additional 55,600 shares during the last quarter. GWN Securities Inc. bought a new stake in shares of Comstock in the 3rd quarter worth approximately $234,000. Finally, Cruiser Capital Advisors LLC acquired a new position in Comstock during the 3rd quarter valued at approximately $530,000. Institutional investors own 7.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Noble Financial downgraded Comstock from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 24th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Comstock currently has an average rating of “Hold” and a consensus target price of $4.00.

Comstock Stock Performance

NYSEAMERICAN:LODE opened at $3.15 on Friday. The company has a 50-day moving average of $3.35 and a 200-day moving average of $3.31. The firm has a market cap of $161.47 million, a price-to-earnings ratio of -2.63 and a beta of 1.25. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.09. Comstock Inc. has a twelve month low of $1.67 and a twelve month high of $4.80.

About Comstock

Comstock Mining, Inc (NYSE: LODE) is a growth-oriented mineral exploration and production company focused on the historic Comstock Lode in Virginia City, Nevada. The company’s primary business activities include the development, extraction and sale of gold and silver from its flagship Lucerne project. Comstock leverages modern mining techniques and infrastructure to access high-grade ore bodies in one of North America’s most renowned silver-gold districts.

In addition to its core precious metals operations, Comstock Mining maintains a commercial real estate division centered in Virginia City’s historic district.