Comstock Inc. (NYSE:LODE) Stock Holdings Increased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Comstock Inc. (NYSE:LODE) by 54.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,604,151 shares of the company’s stock after acquiring an additional 568,721 shares during the quarter. Geode Capital Management LLC’s holdings in Comstock were worth $759,000 as of its most recent SEC filing.

Separately, Renaissance Technologies LLC boosted its holdings in shares of Comstock by 137.9% during the second 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 period. 7.96% of the stock is currently owned by institutional investors and hedge funds.

Comstock Stock Performance

Shares of LODE opened at $0.53 on Friday. The firm has a 50-day moving average price of $0.44 and a 200 day moving average price of $0.34. 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 firm has a market capitalization of $116.12 million, a PE ratio of -4.42 and a beta of 1.66. Comstock Inc. has a 52-week low of $0.13 and a 52-week high of $1.01.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com assumed coverage on shares of Comstock in a research note on Saturday, September 21st. They issued a “sell” rating on the stock. Noble Financial cut Comstock from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 18th.

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.