Movers and SHAKERS
Comstock Mining (LODE)
Leading the Way As A Supplier of Strategic Materials While Fostering Decarbonization
Comstock Mining Inc. is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
First half 2021 update. Comstock Mining hosted a virtual meeting with investors to provide a corporate update. The company generated a second quarter loss of $6.3 million, or $(0.15) per share, compared to net income of $1.3 million, or $0.05 per share, during the prior year period. Quarterly financial results reflected other expense of $4.8 million driven by a change in the fair value of derivative assets associated with LiNiCo, a change in the fair value of a Tonogold note receivable, and an unrealized loss on investments in securities. For the first six months of 2021, net income amounted to $1.9 million, or $0.05 per share.
Transformative acquisitions. During the first half of 2021, Comstock made several transformative acquisitions. These include Comstock’s investments in LiNiCo Corporation, a lithium-ion battery recycling company, Quantum Generative Materials LLC, LP Biosciences LLC, and MANA Corporation ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.