Comstock (NYSE:LODE) Upgraded at StockNews.com

StockNews.com upgraded shares of Comstock (NYSE:LODE) to a sell rating in a research note published on Wednesday morning.

Separately, Noble Financial cut Comstock from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 18th.

Comstock Price Performance

Shares of NYSE:LODE opened at $2.53 on Wednesday. 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 stock’s fifty day simple moving average is $3.45 and its two-hundred day simple moving average is $3.86. Comstock has a 1-year low of $1.25 and a 1-year high of $10.10. The stock has a market cap of $61.32 million, a PE ratio of -21.08 and a beta of 1.59.

Institutional Investors Weigh In On Comstock

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Comstock by 21.1% in the 4th quarter. Geode Capital Management LLC now owns 1,942,689 shares of the company’s stock valued at $1,556,000 after acquiring an additional 338,538 shares during the period. Quadrant Private Wealth Management LLC raised its stake 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 period. Mariner LLC bought a new stake in Comstock in the 4th quarter valued at about $441,000. Northern Trust Corp raised its stake in Comstock by 180.4% in 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 period. Finally, Kingswood Wealth Advisors LLC grew its holdings in Comstock by 1,250.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 270,000 shares of the company’s stock valued at $216,000 after buying an additional 250,000 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors.

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.