Comstock (NYSE:LODE) Stock Price Down 4.6% - Should You Sell?

Shares of Comstock Inc. (NYSE:LODE - Get Free Report) fell 4.6% during trading on Monday . The stock traded as low as $3.42 and last traded at $3.54. 759,627 shares were traded during mid-day trading, an increase of 23% from the average session volume of 615,977 shares. The stock had previously closed at $3.71.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Comstock to a "sell" rating in a research note on Wednesday, March 12th.

Comstock Stock Down 2.3%

The business has a 50-day simple moving average of $2.92 and a two-hundred day simple moving average of $3.25. The company has a market capitalization of $93.36 million, a price-to-earnings ratio of -28.91 and a beta of 1.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 2.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd boosted its holdings in Comstock by 43.9% in the 4th 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. PFG Investments LLC boosted its stake in shares of Comstock by 218.7% in the first quarter. PFG Investments LLC now owns 63,388 shares of the company's stock valued at $155,000 after buying an additional 43,500 shares in the last quarter. PEAK6 LLC acquired a new position in Comstock during the fourth quarter worth $156,000. Northern Trust Corp raised its position in Comstock by 180.4% in the fourth quarter. Northern Trust Corp now owns 438,743 shares of the company's stock worth $351,000 after acquiring an additional 282,266 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Comstock by 21.1% in the fourth 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 in the last quarter. 7.96% of the stock is currently owned by institutional investors and hedge funds.

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.