Traders Buy Large Volume of Call Options on Comstock (NYSEAMERICAN:LODE)

Comstock Inc. (NYSEAMERICAN:LODE) was the recipient of some unusual options trading on Tuesday. Investors acquired 3,213 call options on the stock. This is an increase of 210% compared to the typical volume of 1,035 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in Comstock during the third quarter worth $44,000. Belvedere Trading LLC acquired a new stake in Comstock in the 2nd quarter worth about $55,000. Marathon Capital Management increased its position in Comstock by 48.1% during the third quarter. Marathon Capital Management now owns 20,000 shares of the company’s stock worth $68,000 after purchasing an additional 6,500 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Comstock during the third quarter valued at about $78,000. Finally, Prelude Capital Management LLC purchased a new position in shares of Comstock in the 3rd quarter valued at $139,000. Institutional investors and hedge funds own 7.96% of the company’s stock.

Comstock Trading Down 3.1%

LODE stock traded down $0.12 during trading on Tuesday, reaching $3.61. 906,993 shares of the stock were exchanged, compared to its average volume of 1,564,526. Comstock has a 1 year low of $1.67 and a 1 year high of $4.80. The firm has a market capitalization of $185.20 million, a price-to-earnings ratio of -2.98 and a beta of 1.61. The business has a 50 day moving average price of $3.70 and a 200-day moving average price of $3.33. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.09.

Comstock (NYSEAMERICAN:LODE) last announced its quarterly earnings data on Wednesday, October 29th. The company reported ($0.31) earnings per share for the quarter. The business had revenue of $0.05 million during the quarter. Comstock had a negative net margin of 1,893.74% and a negative return on equity of 58.44%. On average, research analysts predict that Comstock will post -0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Noble Financial cut shares of Comstock from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 24th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Comstock has a consensus rating of “Hold” and an average target price of $4.00.

Comstock Company Profile

Comstock Mining, Inc (NYSE: LODE) is a growth-oriented mineral exploration and production company focused on the historic Comstock Lode in Virginia City, Nevada. The company’s primary business activities include the development, extraction and sale of gold and silver from its flagship Lucerne project. Comstock leverages modern mining techniques and infrastructure to access high-grade ore bodies in one of North America’s most renowned silver-gold districts.

In addition to its core precious metals operations, Comstock Mining maintains a commercial real estate division centered in Virginia City’s historic district.