Comstock (NYSE:LODE - Get Free Report) was upgraded by equities research analysts at StockNews.com to a "sell" rating in a report issued on Wednesday.
Separately, Noble Financial downgraded Comstock from an "outperform" rating to a "market perform" rating in a research note on Wednesday, December 18th.
Check Out Our Latest Analysis on LODE
Comstock Stock Up 4.5 %
Shares of Comstock stock traded up $0.11 during trading hours on Wednesday, hitting $2.53. 284,543 shares of the company's stock traded hands, compared to its average volume of 737,967. The stock has a 50 day simple moving average of $3.45 and a 200-day simple moving average of $3.86. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.16. The company has a market cap of $61.32 million, a PE ratio of -21.08 and a beta of 1.59. Comstock has a twelve month low of $1.25 and a twelve month high of $10.10.
Hedge Funds Weigh In On Comstock
Large investors have recently modified their holdings of the stock. CGN Advisors LLC bought a new position in shares of Comstock during the fourth quarter worth about $31,000. XTX Topco Ltd acquired a new position in shares of Comstock during the third quarter worth approximately $36,000. PEAK6 LLC acquired a new position in shares of Comstock during the fourth quarter worth approximately $156,000. Kingswood Wealth Advisors LLC boosted its position 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 buying an additional 250,000 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Comstock by 180.4% during the fourth quarter. Northern Trust Corp now owns 438,743 shares of the company's stock worth $351,000 after buying an additional 282,266 shares during the period. Institutional investors own 7.96% of the company's stock.
About Comstock
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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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