Comstock Mining Stock Today

LODE Stock  USD 0.34  0.01  2.86%   

Performance

11 of 100

 
Weak
 
Strong
Good

Odds Of Distress

Less than 35

 
High
 
Low
Below Average
Comstock Mining is trading at 0.34 as of the 22nd of November 2024, a 2.86 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.34. Comstock Mining has about a 35 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Comstock Mining are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of May 2024 and ending today, the 22nd of November 2024. Click here to learn more.
Business Domain
Materials
IPO Date
18th of March 2003
Category
Basic Materials
Comstock Inc. engages in the exploration, development, and production of mineral properties in Nevada. Comstock Inc. was incorporated in 2008 and is based in Virginia City, Nevada. Comstock operates under Real Estate Services classification in the United States and is traded on AMEX Exchange. The company has 210.5 M outstanding shares of which 3.85 M shares are now shorted by private and institutional investors with about 1.43 trading days to cover. More on Comstock Mining

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Comstock Stock Highlights

ChairmanCorrado Gasperis
Old NameLodestar Investment Holdings Corp
Business ConcentrationMetals & Mining, Other Precious Metals & Mining, Basic Materials, Materials, Metals & Mining, Real Estate Services, Real Estate (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.01140.012
Notably Down
Slightly volatile
Total Current Liabilities12.6 M14.8 M
Fairly Down
Slightly volatile
Non Current Liabilities Total8.9 M13.3 M
Way Down
Slightly volatile
Total Assets111.8 M106.5 M
Sufficiently Up
Slightly volatile
Total Current Assets24.3 M23.2 M
Sufficiently Up
Slightly volatile
Debt Levels
Comstock Mining can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Comstock Mining's financial leverage. It provides some insight into what part of Comstock Mining's total assets is financed by creditors.
Liquidity
Comstock Mining currently holds 10.93 M in liabilities with Debt to Equity (D/E) ratio of 0.24, which may suggest the company is not taking enough advantage from borrowing. Comstock Mining has a current ratio of 0.35, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Comstock Mining's use of debt, we should always consider it together with its cash and equity.

Free Cash Flow

(26.26 Million)
Comstock Mining (LODE) is traded on NYSE MKT Exchange in USA. It is located in 117 American Flat Road, Virginia City, NV, United States, 89440 and employs 36 people. Comstock Mining is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 73.15 M. Comstock Mining conducts business under Metals & Mining sector and is part of Materials industry. The entity has 210.5 M outstanding shares of which 3.85 M shares are now shorted by private and institutional investors with about 1.43 trading days to cover. Comstock Mining currently holds about 4.66 M in cash with (13.63 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Check Comstock Mining Probability Of Bankruptcy
Ownership Allocation
Comstock Mining holds a total of 210.5 Million outstanding shares. Comstock Mining shows 5.76 percent of its outstanding shares held by insiders and 5.79 percent owned by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Comstock Ownership Details

Comstock Mining Historical Income Statement

At present, Comstock Mining's EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Income Before Tax is expected to grow to about 11.1 M, whereas Interest Expense is forecasted to decline to about 1.5 M. View More Fundamentals

Comstock Stock Against Markets

When determining whether Comstock Mining is a strong investment it is important to analyze Comstock Mining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Comstock Mining's future performance. For an informed investment choice regarding Comstock Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Comstock Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade Comstock Stock refer to our How to Trade Comstock Stock guide.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comstock Mining. If investors know Comstock will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comstock Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
26.933
Earnings Share
(0.12)
Revenue Per Share
0.013
Quarterly Revenue Growth
(0.27)
Return On Assets
(0.12)
The market value of Comstock Mining is measured differently than its book value, which is the value of Comstock that is recorded on the company's balance sheet. Investors also form their own opinion of Comstock Mining's value that differs from its market value or its book value, called intrinsic value, which is Comstock Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comstock Mining's market value can be influenced by many factors that don't directly affect Comstock Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Comstock Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comstock Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comstock Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.