Comstock (NYSE:LODE) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Comstock (NYSE:LODEFree Report) in a report published on Friday. The brokerage issued a sell rating on the stock.

Comstock Price Performance

Shares of LODE opened at $0.49 on Friday. The company has a market capitalization of $58.33 million, a P/E ratio of -1.90 and a beta of 2.07. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $0.50 and a 200 day moving average of $0.47. Comstock has a twelve month low of $0.27 and a twelve month high of $0.99.

Institutional Investors Weigh In On Comstock

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp grew its position in Comstock by 28.6% in the 1st quarter. Northern Trust Corp now owns 104,083 shares of the company’s stock worth $174,000 after purchasing an additional 23,164 shares during the period. State Street Corp grew its position in Comstock by 38.3% in the 1st quarter. State Street Corp now owns 174,116 shares of the company’s stock worth $291,000 after purchasing an additional 48,229 shares during the period. Vanguard Group Inc. grew its position in Comstock by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,703,112 shares of the company’s stock worth $715,000 after purchasing an additional 33,293 shares during the period. Renaissance Technologies LLC grew its position in Comstock by 609.3% in the 4th 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. Finally, Virtu Financial LLC grew its position in Comstock by 71.9% in the 2nd quarter. Virtu Financial LLC now owns 46,053 shares of the company’s stock worth $34,000 after purchasing an additional 19,270 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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