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Comstock (NYSE:LODE) Shares Up 1.2% - Here's Why

Comstock logo with Basic Materials background

Comstock Inc. (NYSE:LODE - Get Free Report)'s share price traded up 1.2% on Monday . The stock traded as high as $2.64 and last traded at $2.58. 466,604 shares changed hands during 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 report on Wednesday, March 12th.

Read Our Latest Stock Analysis on LODE

Comstock Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 2.45. The business has a 50-day moving average price of $2.32 and a 200 day moving average price of $3.38. The stock has a market capitalization of $67.26 million, a P/E ratio of -20.83 and a beta of 1.50.

Institutional Trading of Comstock

Hedge funds have recently made changes to their positions in the stock. CGN Advisors LLC bought a new stake in shares of Comstock in the 4th quarter worth approximately $31,000. XTX Topco Ltd raised its holdings in Comstock by 43.9% in 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 raised its holdings 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 acquiring an additional 43,500 shares during the last quarter. PEAK6 LLC purchased a new position in Comstock in the 4th quarter worth approximately $156,000. Finally, Kingswood Wealth Advisors LLC raised its holdings in Comstock by 1,250.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 270,000 shares of the company's stock worth $216,000 after acquiring an additional 250,000 shares during the last quarter. 7.96% of the stock is owned by institutional investors.

About Comstock

(Get Free Report)

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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