Comstock (NYSE:LODE) Shares Down 2.6% - Should You Sell?

Comstock Inc. (NYSE:LODE - Get Free Report)'s share price dropped 2.6% during mid-day trading on Friday . The stock traded as low as $3.31 and last traded at $3.34. Approximately 429,597 shares were traded during trading, a decline of 31% from the average daily volume of 621,863 shares. The stock had previously closed at $3.43.

Comstock Stock Performance

The company has a 50-day moving average of $3.38 and a 200 day moving average of $3.08. The firm has a market capitalization of $120.59 million, a PE ratio of -31.00 and a beta of 1.57. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.16.

Hedge Funds Weigh In On Comstock

Several hedge funds have recently made changes to their positions in LODE. PFG Investments LLC grew its position in Comstock by 218.7% in the 1st quarter. PFG Investments LLC now owns 63,388 shares of the company's stock worth $155,000 after purchasing an additional 43,500 shares during the period. XTX Topco Ltd lifted its position in Comstock by 43.9% during the fourth quarter. XTX Topco Ltd now owns 108,408 shares of the company's stock valued at $87,000 after purchasing an additional 33,095 shares in the last quarter. PEAK6 LLC bought a new position in Comstock in the 4th quarter worth $156,000. Northern Trust Corp raised its position in shares of Comstock by 180.4% during the fourth quarter. Northern Trust Corp now owns 438,743 shares of the company's stock valued at $351,000 after buying an additional 282,266 shares during the last quarter. Finally, Mariner LLC purchased a new position in shares of Comstock during the fourth quarter valued at about $441,000. 7.96% of the stock is owned by hedge funds and other 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.