67.7 F
New York
Tuesday, September 29, 2020

Comstock Mining Inc. (AMEX:LODE) is Waving the Bull Flag

Must read

The Carlyle Group Inc. (NASDAQ:CG) is Holding Steady

The Carlyle Group Inc. (CG) shares are trading at higher $23.69 and the avg recommendation for the stock is Moderate Buy, while the current...

The Forecast Just Changed on Newpark Resources Inc. (NYSE:NR)

Newpark Resources Inc. (NR) shares are trading at higher $1.27 and the avg recommendation for the stock is Moderate Buy. To add more color...

GoDaddy Inc. (NYSE:GDDY) Recent Earnings Shows Major Promise

GoDaddy Inc. (GDDY) shares are trading at higher $75.57 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

InspireMD Inc. (AMEX:NSPR) is Waving the Bull Flag

InspireMD Inc. (NSPR) shares are trading at higher $0.30. To add more color to this target, the company’s high over the last year is...

The Comstock Mining Inc. (LODE) shares are trading at higher $0.67.

To add more color to this target, the company’s high over the last year is $1.10 and the low is $0.15. Over the last 52 weeks, LODE is down -38.67% while the S&P 500 is up 0.57%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, LODE reported a profit of $91000.0. Comstock Mining Inc. also saw revenues decrease to $48000.0. In addition, LODE has free cash flow of -$0.17 million as of 03-2020. The company’s EBITDA came in at -$0.98 million which compares well with its peers.

LODE Return on Equity (ROE) is -21.10%, and its Return on Assets is -8.90%. All told, it is clear that, LODE needs to be on your watchlist.

Find out when LODE reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. LODE has a short ratio of 0.38 and outstanding shares of 27.27M.

Company Outlook

LODE has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.53 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.17. Comstock Mining Inc. LODE also noted assets of $39.25 million at the end of the last quarter. Investors should also keep an eye on sector updates as LODE has historically followed its peers on positive news.

All told, Comstock Mining Inc. LODE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LODE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Comstock Mining Inc. LODE is now commanding a market cap of 20.93M and a float of 21.65M. LODE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of LODE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in LODE, either long or short, and we have not been compensated for this article.

Latest article

Is Now the Time to Invest in Copart Inc. (NASDAQ:CPRT)?

Copart Inc. (CPRT) shares are trading at higher $104.26 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Alphatec Holdings Inc. (NASDAQ:ATEC) is Holding Steady

Alphatec Holdings Inc. (ATEC) shares are trading at higher $6.94 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Investor Confidence is Rising for Ecolab Inc. (NYSE:ECL)

Ecolab Inc. (ECL) shares are trading at higher $196.03 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Ryanair Holdings plc (NASDAQ:RYAAY) is Gaining Momentum on Earnings Catalyst

Ryanair Holdings plc (RYAAY) shares are trading at higher $81.71 and the avg recommendation for the stock is Strong Buy, while the current analyst...

The Rejuvenation of Agilent Technologies Inc. (NYSE:A)

Agilent Technologies Inc. (A) shares are trading at higher $97.69 and the avg recommendation for the stock is Moderate Buy, while the current analyst...