Comstock (NYSE:LODE) Trading 1.2% Higher - Should You Buy?

Comstock Inc. (NYSE:LODE - Get Free Report)'s stock price shot up 1.2% on Monday . The stock traded as high as $2.64 and last traded at $2.58. 466,604 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 564,697 shares. The stock had previously closed at $2.55.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Comstock to a "sell" rating in a research note on Wednesday, March 12th.

Comstock Stock Up 1.2 %

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 $69.41 million, a P/E ratio of -21.50 and a beta of 1.50. The stock has a 50 day moving average price of $2.31 and a 200 day moving average price of $3.44.

Hedge Funds Weigh In On Comstock

Several large investors have recently bought and sold shares of LODE. CGN Advisors LLC acquired a new position in shares of Comstock in the fourth quarter valued at approximately $31,000. XTX Topco Ltd grew its holdings 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 last quarter. PFG Investments LLC increased its position in Comstock by 218.7% in the 1st quarter. PFG Investments LLC now owns 63,388 shares of the company's stock valued at $155,000 after acquiring an additional 43,500 shares during the period. PEAK6 LLC bought a new position in shares of Comstock during the fourth quarter valued at $156,000. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of Comstock by 1,250.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 270,000 shares of the company's stock worth $216,000 after purchasing an additional 250,000 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.

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