Comstock (NYSE:LODE) Rating Increased to Sell at StockNews.com

Comstock (NYSE:LODE - Get Free Report) was upgraded by equities research analysts at StockNews.com to a "sell" rating in a research report issued to clients and investors on Wednesday.

Separately, Noble Financial downgraded Comstock from an "outperform" rating to a "market perform" rating in a research note on Wednesday, December 18th.

Comstock Stock Up 4.5 %

Comstock stock traded up $0.11 during midday trading on Wednesday, hitting $2.53. 284,543 shares of the company were exchanged, compared to its average volume of 737,967. Comstock has a fifty-two week low of $1.25 and a fifty-two week high of $10.10. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.45 and a quick ratio of 2.45. The company has a market cap of $61.32 million, a PE ratio of -21.08 and a beta of 1.59. The company's fifty day moving average price is $3.37 and its 200-day moving average price is $3.89.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in Comstock by 54.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,604,151 shares of the company's stock worth $759,000 after buying an additional 568,721 shares during the last quarter. Kingswood Wealth Advisors LLC grew its stake in Comstock by 1,250.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 270,000 shares of the company's stock worth $216,000 after buying an additional 250,000 shares during the last quarter. CGN Advisors LLC bought a new position in Comstock during the 4th quarter worth $31,000. XTX Topco Ltd acquired a new position in Comstock during the 3rd quarter worth $36,000. 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.

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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.