Comstock Stock Set to Reverse Split on Tuesday, February 25th (NYSE:LODE)

Comstock Inc. (NYSE:LODE)’s stock is set to reverse split on Tuesday, February 25th. The 1-10 reverse split was announced on Friday, February 14th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 24th.

Comstock Stock Down 4.7 %

Shares of LODE stock opened at $0.29 on Friday. The company has a market capitalization of $67.49 million, a price-to-earnings ratio of -2.39 and a beta of 1.66. Comstock has a one year low of $0.13 and a one year high of $1.01. The company’s fifty day moving average price is $0.42 and its 200-day moving average price is $0.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.45 and a quick ratio of 2.45.

Wall Street Analyst Weigh In

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

Institutional Trading of Comstock

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd increased its holdings in Comstock by 43.9% in the 4th quarter. XTX Topco Ltd now owns 108,408 shares of the company’s stock valued at $87,000 after acquiring an additional 33,095 shares during the last quarter. CGN Advisors LLC bought a new stake in Comstock in the 4th quarter valued at $31,000. PEAK6 LLC bought a new stake in Comstock in the 4th quarter valued at $156,000. Quadrant Private Wealth Management LLC increased its holdings in Comstock by 45.0% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 725,000 shares of the company’s stock valued at $580,000 after acquiring an additional 225,000 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC increased its holdings in Comstock by 1,250.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 270,000 shares of the company’s stock valued at $216,000 after acquiring an additional 250,000 shares during the last quarter. 7.96% of the stock is currently owned by institutional investors.

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.