Comstock (NYSE:LODE) Announces Quarterly Earnings Results

Comstock (NYSE:LODE) issued its quarterly earnings results on Monday. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02), Yahoo Finance reports. The business had revenue of $0.43 million for the quarter, compared to analysts’ expectations of $0.54 million. Comstock had a negative return on equity of 5.56% and a net margin of 474.79%.

Comstock Stock Performance

Shares of LODE stock opened at $0.25 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.56 and a current ratio of 1.49. The firm has a market capitalization of $34.77 million, a price-to-earnings ratio of 3.14 and a beta of 2.04. Comstock has a one year low of $0.24 and a one year high of $0.99. The company has a 50 day moving average price of $0.36 and a 200 day moving average price of $0.44.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Comstock in a research report on Tuesday. They set a “sell” rating on the stock.

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.