38,628 Shares in Comstock Inc. (NYSE:LODE) Purchased by CGN Advisors LLC

CGN Advisors LLC bought a new stake in shares of Comstock Inc. (NYSE:LODE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 38,628 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LODE. XTX Topco Ltd acquired a new stake in shares of Comstock in the third quarter valued at $36,000. Renaissance Technologies LLC lifted its holdings in Comstock by 137.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,868,334 shares of the company’s stock valued at $470,000 after acquiring an additional 1,662,524 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Comstock by 54.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,604,151 shares of the company’s stock valued at $759,000 after purchasing an additional 568,721 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors.

Comstock Stock Performance

Comstock stock opened at $0.30 on Friday. Comstock Inc. has a fifty-two week low of $0.13 and a fifty-two week high of $1.01. The firm’s 50 day simple moving average is $0.43 and its 200-day simple moving average is $0.34. 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 $65.58 million, a P/E ratio of -2.49 and a beta of 1.66.

Comstock (NYSE:LODE) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $0.69 million. Comstock had a negative net margin of 1,210.13% and a negative return on equity of 33.56%. As a group, equities research analysts predict that Comstock Inc. will post -0.22 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com initiated coverage on shares of Comstock in a report on Saturday, September 21st. They set a “sell” rating for the company. Noble Financial lowered Comstock from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 18th.

About Comstock

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.