Comstock (NYSE:LODE) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Comstock (NYSE:LODE) in a report released on Tuesday. The brokerage issued a sell rating on the stock.

Comstock Price Performance

Shares of LODE opened at $0.17 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.49 and a current ratio of 1.49. Comstock has a fifty-two week low of $0.16 and a fifty-two week high of $0.84. The firm has a 50-day simple moving average of $0.24 and a 200-day simple moving average of $0.37. The company has a market capitalization of $23.50 million, a price-to-earnings ratio of 2.13 and a beta of 1.93.

Comstock (NYSE:LODE) last posted its quarterly earnings data 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). The company had revenue of $0.43 million for the quarter, compared to analyst estimates of $0.54 million. Comstock had a negative return on equity of 5.56% and a net margin of 474.79%. On average, equities research analysts anticipate that Comstock will post -0.16 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Corrado Degasperis bought 1,250,000 shares of the stock in a transaction dated Friday, May 17th. The shares were acquired at an average price of $0.40 per share, with a total value of $500,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,358,180 shares in the company, valued at $543,272. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders bought 1,340,000 shares of company stock worth $523,900. 8.50% of the stock is owned by insiders.

Institutional Trading of Comstock

An institutional investor recently bought a new position in Comstock stock. Mission Wealth Management LP bought a new stake in Comstock Inc. (NYSE:LODE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 85,366 shares of the company’s stock, valued at approximately $47,000. Mission Wealth Management LP owned 0.07% of Comstock as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 7.96% of the company’s stock.

About Comstock

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.