Comstock Mining Inc. [LODE] is following upward trend in the market concluded with the last trading session. The shares of the Basic Materials sector company has a current value of $0.09 after LODE shares went up by 1.60% during the last trading session. One of the reasons why Basic Materials stocks may go bullish is increased momentum in the press.
Comstock Mining Inc. [NYSE:LODE]: Analyst Rating and Earnings
Its stock price has been found in the range of 0.03 to 0.33. This is compared to its latest closing price of $0.09.
Stay on the lookout for the next publication of this organization’s financial results for the quarter, which will be made public on Tue 29 Oct (In 46 Days).
Fundamental Analysis of Comstock Mining Inc. [LODE]
Now let’s turn to look at profitability: with a current Operating Margin for Comstock Mining Inc. [LODE] sitting at -4924.13 and its Gross Margin at -3714.34.
This company’s Return on Total Capital is -36.38, and its Return on Invested Capital has reached -39.80%. Its Return on Equity is -89.23, and its Return on Assets is -31.83. These metrics suggest that this Comstock Mining Inc. does a poor job of managing its assets, and likely won’t be able to provide successful business outcomes for its investors in the near term.
Turning to investigate this organization’s capital structure, Comstock Mining Inc. [LODE] has generated a Total Debt to Total Equity ratio of 97.69. Similarly, its Total Debt to Total Capital is 49.41, while its Total Debt to Total Assets stands at 32.04. Looking toward the future, this publicly-traded company’s Long-Term Debt to Equity is -5.25, and its Long-Term Debt to Total Capital is 94.38.
What about valuation? This company’s Enterprise Value to EBITDA is -4.36. The Enterprise Value to Sales for this firm is now 102.29, and its Total Debt to Enterprise Value stands at 0.55. Comstock Mining Inc. [LODE] has a Price to Book Ratio of 1.07.
Shifting the focus to workforce efficiency, Comstock Mining Inc. [LODE] earns $12,524 for each employee under its payroll. Similarly, this company’s Total Asset Turnover is 0.01. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 3.58 and its Current Ratio is 3.58. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
Comstock Mining Inc. [LODE] has 95.15M shares outstanding, amounting to a total market cap of $8.34M. Its stock price has been found in the range of 0.03 to 0.33. At its current price, it has moved down by -72.87% from its 52-week high, and it has moved up 196.67% from its 52-week low.
This stock’s Beta value is currently 0.27, which indicates that it is 9.98% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 22.93. This stock, according to these metrics, is currently Oversold.
Conclusion: Is Comstock Mining Inc. [LODE] a Reliable Buy?
Comstock Mining Inc. [LODE] stock is presenting a less attractive investment opportunity when compared to similarly-sized corporations in the same industry. The price performance of these shares has not shown much promise, and the financial results that this company has recently delivered present a highly risky investment.