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

Comstock Inc. (NYSE:LODE - Get Free Report)'s share price dropped 2.6% during trading on Friday . The stock traded as low as $3.31 and last traded at $3.34. Approximately 429,597 shares changed hands 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 Down 2.6%

The firm has a 50-day moving average of $3.38 and a 200 day moving average of $3.11. The stock has a market capitalization of $108.27 million, a price-to-earnings ratio of -27.83 and a beta of 1.57. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16.

Institutional Investors Weigh In On Comstock

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in Comstock by 21.1% during the 4th quarter. Geode Capital Management LLC now owns 1,942,689 shares of the company's stock worth $1,556,000 after acquiring an additional 338,538 shares during the period. Mariner LLC acquired a new position in Comstock during the 4th quarter worth $441,000. XTX Topco Ltd boosted its position in Comstock by 43.9% during the 4th quarter. XTX Topco Ltd now owns 108,408 shares of the company's stock worth $87,000 after acquiring an additional 33,095 shares during the period. PEAK6 LLC acquired a new position in Comstock during the 4th quarter worth $156,000. Finally, Northern Trust Corp boosted its position in Comstock by 180.4% during the 4th quarter. Northern Trust Corp now owns 438,743 shares of the company's stock worth $351,000 after acquiring an additional 282,266 shares during the period. 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.