StockNews.com Begins Coverage on Comstock (NYSE:LODE)

StockNews.com started coverage on shares of Comstock (NYSE:LODEFree Report) in a research note published on Saturday morning. The firm issued a sell rating on the stock.

Comstock Stock Performance

NYSE LODE opened at $0.48 on Friday. Comstock has a 1 year low of $0.27 and a 1 year high of $0.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.64 and a quick ratio of 2.64. The firm has a market cap of $56.57 million, a price-to-earnings ratio of -1.85 and a beta of 2.07. The company has a fifty day moving average price of $0.49 and a 200-day moving average price of $0.47.

Institutional Trading of Comstock

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Comstock by 41.0% during the third quarter. Vanguard Group Inc. now owns 3,193,849 shares of the company’s stock valued at $1,309,000 after buying an additional 929,279 shares during the period. Renaissance Technologies LLC boosted its position in 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 purchasing an additional 275,060 shares during the period. Kingswood Wealth Advisors LLC bought a new position in Comstock during the fourth quarter worth about $128,000. Spire Wealth Management boosted its position in Comstock by 98.9% during the second quarter. Spire Wealth Management now owns 325,464 shares of the company’s stock worth $238,000 after purchasing an additional 161,871 shares during the period. Finally, Geode Capital Management LLC boosted its position in Comstock by 27.5% during the second quarter. Geode Capital Management LLC now owns 701,485 shares of the company’s stock worth $512,000 after purchasing an additional 151,092 shares during the period. Institutional investors own 5.17% of the company’s stock.

Comstock Company Profile

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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.

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