Comstock (NYSE:LODE) Shares Gap Down – Should You Sell?

Comstock Inc. (NYSE:LODE) gapped down prior to trading on Tuesday . The stock had previously closed at $2.89, but opened at $2.69. Comstock shares last traded at $2.76, with a volume of 130,152 shares traded.

Analyst Ratings Changes

Separately, Noble Financial lowered shares of Comstock from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 18th.

Comstock Stock Down 0.6 %

The firm has a market capitalization of $674.67 million, a price-to-earnings ratio of -23.83 and a beta of 1.66. The business has a 50 day moving average of $0.42 and a 200 day moving average of $0.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.45 and a quick ratio of 2.45.

Hedge Funds Weigh In On Comstock

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Comstock by 21.1% in the fourth quarter. Geode Capital Management LLC now owns 1,942,689 shares of the company’s stock valued at $1,556,000 after acquiring an additional 338,538 shares during the period. Quadrant Private Wealth Management LLC grew its stake in shares of Comstock by 45.0% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 725,000 shares of the company’s stock valued at $580,000 after purchasing an additional 225,000 shares during the period. Mariner LLC acquired a new position in shares of Comstock in the 4th quarter worth approximately $441,000. Northern Trust Corp lifted its position in shares of 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 buying an additional 282,266 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its stake in Comstock by 1,250.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 270,000 shares of the company’s stock valued at $216,000 after buying an additional 250,000 shares in the last quarter. 7.96% of the stock is 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.