Comstock (NYSE:LODE) Trading Down 2.6% – Time to Sell?

Shares of Comstock Inc. (NYSE:LODE) traded down 2.6% during mid-day trading on Wednesday . The company traded as low as $2.27 and last traded at $2.29. 218,786 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 533,408 shares. The stock had previously closed at $2.35.

Analysts Set New Price Targets

Several equities analysts recently commented on LODE shares. StockNews.com raised Comstock to a “sell” rating in a research report on Wednesday, March 12th. Noble Financial cut shares of Comstock from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 18th.

Comstock Trading Down 2.6 %

The business’s 50-day simple moving average is $3.00 and its two-hundred day simple moving average is $3.85. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $61.61 million, a PE ratio of -19.08 and a beta of 1.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CGN Advisors LLC purchased a new stake in Comstock during the 4th quarter worth approximately $31,000. XTX Topco Ltd acquired a new stake in shares of Comstock during the third quarter worth approximately $36,000. PEAK6 LLC bought a new stake in shares of Comstock in the fourth quarter worth $156,000. Kingswood Wealth Advisors LLC raised its holdings in Comstock by 1,250.0% in the fourth 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 in the last quarter. Finally, Northern Trust Corp boosted its stake in Comstock by 180.4% during the 4th quarter. Northern Trust Corp now owns 438,743 shares of the company’s stock valued at $351,000 after acquiring an additional 282,266 shares during the last quarter. Hedge funds and other institutional investors 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.