XTX Topco Ltd Takes Position in Comstock Inc. (NYSE:LODE)

XTX Topco Ltd bought a new position in shares of Comstock Inc. (NYSE:LODE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 75,313 shares of the company’s stock, valued at approximately $36,000.

Separately, Farther Finance Advisors LLC boosted its position in shares of Comstock by 19.3% in the second quarter. Farther Finance Advisors LLC now owns 1,356,958 shares of the company’s stock worth $223,000 after acquiring an additional 219,622 shares during the last quarter. Institutional investors own 7.96% of the company’s stock.

Comstock Trading Up 11.8 %

NYSE LODE opened at $0.34 on Monday. The firm has a market capitalization of $73.86 million, a price-to-earnings ratio of -2.81 and a beta of 1.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 2.45. Comstock Inc. has a one year low of $0.13 and a one year high of $0.72. The company’s 50 day moving average price is $0.40 and its 200 day moving average price is $0.30.

Comstock (NYSE:LODE) last issued its earnings results on Tuesday, October 22nd. The company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). Comstock had a negative net margin of 1,210.13% and a negative return on equity of 33.56%. The business had revenue of $0.56 million for the quarter, compared to the consensus estimate of $0.69 million. On average, sell-side analysts predict that Comstock Inc. will post -0.22 EPS for the current year.

Analyst Upgrades and Downgrades

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

Comstock 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.