StockNews.com started coverage on shares of Comstock (NYSE:LODE – Free Report) in a research report sent to investors on Tuesday morning. The firm issued a sell rating on the stock.
Comstock Stock Performance
LODE stock traded down $0.02 during trading on Tuesday, reaching $0.25. 951,474 shares of the stock were exchanged, compared to its average volume of 625,828. The stock has a 50 day simple moving average of $0.35 and a 200-day simple moving average of $0.43. The company has a market capitalization of $34.70 million, a P/E ratio of 3.14 and a beta of 2.04. Comstock has a twelve month low of $0.24 and a twelve month high of $0.99. The company has a current ratio of 1.49, a quick ratio of 1.56 and a debt-to-equity ratio of 0.11.
Comstock (NYSE:LODE – Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm 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%. As a group, sell-side analysts anticipate that Comstock will post -0.15 earnings per share for the current year.
Institutional Investors Weigh In On Comstock
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.
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