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Understanding the Risks of Investing in Comstock Inc (LODE)

Comstock Inc’s filing revealed that its Director Drozdoff Leo M acquired Company’s shares for reported $29200.0 on Aug 14 ’24. In the deal valued at $0.15 per share,200,000 shares were bought. As a result of this transaction, Drozdoff Leo M now holds 600,000 shares worth roughly $0.26 million.

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Then, BOBBILI RAHUL bought 25,000 shares, generating $6,350 in total proceeds. Upon buying the shares at $0.25, the Chief Engineering Officer now owns 1,100,000 shares.

Before that, BOBBILI RAHUL bought 25,000 shares. Comstock Inc shares valued at $7,258 were divested by the Chief Engineering Officer at a price of $0.29 per share. As a result of the transaction, BOBBILI RAHUL now holds 1,075,000 shares, worth roughly $0.46 million.

Singular Research initiated its Comstock Inc [LODE] rating to a Buy in a research note published on April 23, 2014; the price target was $2.25. A number of analysts have revised their coverage, including Global Hunter Securities’s analysts, who began to cover the stock in mid March with a ‘”a Speculative buy”‘ rating.

Price Performance Review of LODE

On Monday, Comstock Inc [AMEX:LODE] saw its stock jump 3.37% to $0.43. Over the last five days, the stock has gained 6.00%. Comstock Inc shares have fallen nearly -22.28% since the year began. Nevertheless, the stocks have fallen -6.40% over the past one year. While a 52-week high of $0.72 was reached on 09/27/24, a 52-week low of $0.13 was recorded on 08/05/24. SMA at 50 days reached $0.4155, while 200 days put it at $0.3037.

Levels Of Support And Resistance For LODE Stock

The 24-hour chart illustrates a support level at 0.4066, which if violated will result in even more drops to 0.3872. On the upside, there is a resistance level at 0.4509. A further resistance level may holdings at 0.4758. The Relative Strength Index (RSI) on the 14-day chart is 54.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0229, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.24%. Stochastics %K at 52.25% indicates the stock is a holding.

How much short interest is there in Comstock Inc?

A steep rise in short interest was recorded in Comstock Inc stocks on 2024-11-15, dropping by -2.4 million shares to a total of 2.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.31 million shares. There was a decline of -82.15%, which implies that there is a negative sentiment for the stock.

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