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About

Comstock Inc. engages in the systemic decarbonization business in Nevada and internationally. The company operates through five segments: Fuels, Metals, Mining, Strategic Investments, and Corporate Services. It develops and commercializes technology that extract and convert wasted and unused lignocellulosic biomass into intermediates for refining into advanced renewable fuels. The company also owns 100% in the Lucerne Project located in the Storey County, Nevada; and the Spring Valley Project situated in the Lyon County, Nevada. In addition, it offers engineering and construction services; and invests in non-mining real estate, water rights, and securities investments. The company was incorporated in 2008 and is based in Virginia City, Nevada.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Other Precious Metals & Market Cap 221.10M
Enterprise Value 148.61M Income -52.63M Sales 2.78M
Book/sh 2.31 Cash/sh 0.62 Dividend Yield —
Payout 0.00% Employees 46 IPO —
P/E — Forward P/E -9.68 PEG —
P/S 79.58 P/B 1.34 P/C —
EV/EBITDA -3.88 EV/Sales 53.49 Quick Ratio 2.44
Current Ratio 2.54 Debt/Eq 13.62 LT Debt/Eq —
EPS (ttm) -2.11 EPS next Y -0.32 EPS Growth —
Revenue Growth -90.30% Earnings 2026-03-12 ROA -18.45%
ROE -55.49% ROIC — Gross Margin 10.85%
Oper. Margin -180.71% Profit Margin 0.00% Shs Outstand 71.37M
Shs Float 46.15M Short Float 2.85% Short Ratio 0.95
Short Interest — 52W High 4.80 52W Low 1.67
Beta 1.27 Avg Volume 1.77M Volume 246.37K
Target Price $5.38 Recom None Prev Close $3.13
Price $3.10 Change -1.03%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$5.38
Mean price target
2. Current target
$3.13
Latest analyst target
3. DCF / Fair value
$-5.60
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.13
Low
$4.00
High
$6.75
Mean
$5.38

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-24 down Noble Capital Markets Outperform → Market Perform —
2025-08-18 down Ladenburg Thalmann Buy → Neutral $4
2025-07-29 init Ladenburg Thalmann — → Buy $12
2024-08-12 up Noble Capital Markets Market Perform → Outperform $3
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 90481 — — Stock Award(Grant) at price 0.00 per share. NANCE WILLIAM JOHN Director — 2026-01-05 00:00:00 D
1 90481 — — Stock Award(Grant) at price 0.00 per share. MARTING WALTER ADELBERT JR. Director — 2026-01-05 00:00:00 D
2 90481 — — Stock Award(Grant) at price 0.00 per share. DROZDOFF LEO M Director — 2026-01-05 00:00:00 D
3 103016 — — Stock Award(Grant) at price 0.00 per share. SLANINA KRISTIN Director — 2026-01-05 00:00:00 D
4 89262 — — Stock Award(Grant) at price 0.00 per share. SALINAS MAYAGUEZ J Director — 2026-01-05 00:00:00 D
5 200000 29200 — Purchase at price 0.15 per share. DROZDOFF LEO M Director — 2024-08-14 00:00:00 D
6 25000 6350 — Purchase at price 0.25 per share. BOBBILI RAHUL Officer — 2024-05-28 00:00:00 D
7 25000 7258 — Purchase at price 0.29 per share. BOBBILI RAHUL Officer — 2024-05-20 00:00:00 D
8 1250000 500000 — Purchase at price 0.40 per share. DE GASPERIS CORRADO F Chief Executive Officer — 2024-05-17 00:00:00 D
9 25000 6403 — Purchase at price 0.25 - 0.26 per share. BOBBILI RAHUL Officer — 2024-05-13 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.00-4.34M
TaxRateForCalcs0.000.000.000.19
NormalizedEBITDA-30.66M-18.63M-17.72M-6.21M
TotalUnusualItems-17.53M33.28M-24.04M-22.86M
TotalUnusualItemsExcludingGoodwill-17.53M33.28M-24.04M-22.86M
NetIncomeFromContinuingOperationNetMinorityInterest-53.32M9.16M-45.95M-24.58M
ReconciledDepreciation2.19M2.43M2.79M1.09M
ReconciledCostOfRevenue502.89K44.19K539.12K214.12K
EBITDA-48.19M14.65M-41.76M-29.07M
EBIT-50.43M12.17M-45.09M-30.16M
NetInterestIncome-2.67M-1.39M-1.26M849.07K
InterestExpense2.97M1.65M1.65M168.88K
InterestIncome302.09K251.97K387.61K1.02M
NormalizedIncome-35.79M-24.12M-21.91M-6.06M
NetIncomeFromContinuingAndDiscontinuedOperation-53.32M9.16M-45.95M-24.58M
TotalExpenses34.50M21.18M20.60M7.27M
TotalOperatingIncomeAsReported-39.67M-12.60M-19.36M-6.41M
DilutedAverageShares16.61M10.52M7.45M5.04M
BasicAverageShares16.61M10.51M7.45M5.04M
DilutedEPS-3.210.87-6.20-4.90
BasicEPS-3.210.87-6.20-4.90
DilutedNIAvailtoComStockholders-53.32M9.16M-45.95M-24.58M
NetIncomeCommonStockholders-53.32M9.16M-45.95M-24.58M
NetIncome-53.32M9.16M-45.95M-24.58M
MinorityInterests81.44K-1.36M789.51K0.00
NetIncomeIncludingNoncontrollingInterests-53.40M10.53M-46.74M-24.58M
NetIncomeContinuousOperations-53.40M10.53M-46.74M-24.58M
TaxProvision0.00-5.75M
PretaxIncome-53.40M10.53M-46.74M-30.33M
OtherIncomeExpense-19.25M31.83M-25.06M-24.77M
OtherNonOperatingIncomeExpenses42.31K265.47K116.17K137.70K
SpecialIncomeCharges-18.76M7.28M-15.71M-7.47M
GainOnSaleOfPPE804.49K7.30M1.06M0.00
GainOnSaleOfBusiness0.00
OtherSpecialCharges10.57M-129.71K250.00K
WriteOff0.00150.00K3.39M1.08M
ImpairmentOfCapitalAssets8.99M0.0013.13M6.39M
RestructuringAndMergernAcquisition0.00
EarningsFromEquityInterest-1.76M-1.72M-1.13M-2.05M
GainOnSaleOfSecurity1.23M26.00M-8.33M-15.39M
NetNonOperatingInterestIncomeExpense-2.67M-1.39M-1.26M849.07K
InterestExpenseNonOperating2.97M1.65M1.65M168.88K
InterestIncomeNonOperating302.09K251.97K387.61K1.02M
OperatingIncome-31.48M-19.91M-20.42M-6.41M
OperatingExpense34.04M21.18M20.60M7.00M
DepreciationAmortizationDepletionIncomeStatement2.24M2.48M3.33M1.03M
DepreciationAndAmortizationInIncomeStatement2.24M2.48M3.33M1.03M
ResearchAndDevelopment19.10M6.12M7.02M414.75K
SellingGeneralAndAdministration12.70M12.59M10.24M5.55M
GrossProfit2.56M1.27M178.15K590.08K
CostOfRevenue451.94K0.000.00272.08K
TotalRevenue3.02M1.27M178.15K862.16K
OperatingRevenue3.02M1.27M178.15K862.16K
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber0.00260.53K260.53K300.00K
OrdinarySharesNumber23.51M11.79M9.14M6.82M
ShareIssued23.51M12.05M9.40M7.12M
NetDebt7.53M6.07M5.40M
TotalDebt13.80M10.89M8.73M17.53M
TangibleBookValue53.91M62.41M35.94M53.61M
InvestedCapital68.26M88.13M61.52M94.06M
WorkingCapital4.45M8.34M-861.06K-10.08M
NetTangibleAssets53.91M62.41M35.94M53.61M
CapitalLeaseObligations5.32M1.04M816.11K13.04M
CommonStockEquity59.77M78.28M53.60M89.57M
TotalCapitalization68.16M83.63M59.72M94.06M
TotalEquityGrossMinorityInterest59.77M78.28M56.36M92.97M
MinorityInterest0.000.002.76M3.40M
StockholdersEquity59.77M78.28M53.60M89.57M
TreasuryStock0.003.36M3.36M3.87M
RetainedEarnings-335.65M-282.33M-291.49M-245.54M
AdditionalPaidInCapital395.26M363.89M348.39M338.94M
CapitalStock156.59K78.41K60.66K47.06K
CommonStock156.59K78.41K60.66K47.06K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest31.54M28.19M43.69M33.98M
TotalNonCurrentLiabilitiesNetMinorityInterest23.43M13.35M12.06M10.07M
OtherNonCurrentLiabilities4.18M1.02M306.71K142.67K
NonCurrentDeferredLiabilities0.001.16M0.00
NonCurrentDeferredRevenue0.001.16M0.00
LongTermDebtAndCapitalLeaseObligation13.22M5.56M6.53M4.49M
LongTermCapitalLeaseObligation4.83M205.15K406.97K0.00
LongTermDebt8.39M5.36M6.12M4.49M
LongTermProvisions6.03M5.61M5.23M5.45M
CurrentLiabilities8.11M14.84M31.63M23.91M
OtherCurrentLiabilities5.81M26.99M9.29M
CurrentDeferredLiabilities151.94K78.50K0.00
CurrentDeferredRevenue151.94K78.50K0.00
CurrentDebtAndCapitalLeaseObligation587.67K5.33M2.21M13.04M
CurrentCapitalLeaseObligation490.07K838.68K409.14K13.04M
CurrentDebt97.59K4.50M1.80M
OtherCurrentBorrowings97.59K4.50M1.80M
PayablesAndAccruedExpenses7.37M3.62M2.43M1.57M
CurrentAccruedExpenses2.97M2.28M1.72M939.44K
InterestPayable353.28K52.50K43.40K12.33K
Payables4.40M1.33M714.08K633.22K
OtherPayable1.55M
AccountsPayable2.85M1.33M714.08K633.22K
TotalAssets91.31M106.47M100.05M126.95M
TotalNonCurrentAssets78.75M83.28M69.29M113.13M
OtherNonCurrentAssets3.57M3.10M2.92M2.97M
NonCurrentPrepaidAssets411.27K411.27K0.003.22M
NonCurrentNoteReceivables2.43M980.29K959.32K8.85M
InvestmentsAndAdvances38.89M31.26M18.78M25.85M
InvestmentProperties15.20M13.47M14.56M
GoodwillAndOtherIntangibleAssets5.86M15.87M17.66M35.96M
OtherIntangibleAssets5.86M15.87M17.66M23.18M
Goodwill0.0012.79M
NetPPE27.59M31.67M15.48M21.70M
AccumulatedDepreciation-27.77M-27.20M
GrossPPE55.36M58.87M15.48M21.70M
Leases1.04M1.04M
OtherProperties15.43M10.56M2.91M15.03M
LandAndImprovements0.006.33M
CurrentAssets12.56M23.18M30.77M13.83M
OtherCurrentAssets595.32K458.21K761.39K1.34M
HedgingAssetsCurrent1.53M0.000.00342.00K
AssetsHeldForSaleCurrent7.06M0.0021.68M0.00
RestrictedCash229.12K
PrepaidAssets14.00K809.58K347.45K
Receivables2.42M26.36K4.99M4.96M
AccruedInterestReceivable487.65K
NotesReceivable0.004.99M4.96M
AccountsReceivable2.42M26.36K433.07K
CashCashEquivalentsAndShortTermInvestments954.27K22.70M2.52M6.84M
OtherShortTermInvestments0.0018.91M0.00925.82K
CashAndCashEquivalents954.27K3.79M2.52M5.91M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-15.16M-15.64M-15.30M-7.57M
RepaymentOfDebt-1.46M-301.54K-3.77M-3.57M
IssuanceOfDebt12.00M4.98M4.97M4.55M
IssuanceOfCapitalStock7.21M6.90M11.03M27.40M
CapitalExpenditure-1.22M-2.02M-3.19M-78.47K
InterestPaidSupplementalData481.74K503.44K1.12M107.50K
IncomeTaxPaidSupplementalData0.000.000.000.00
EndCashPosition954.27K3.79M2.52M5.91M
BeginningCashPosition3.79M2.52M5.91M2.43M
ChangesInCash-2.83M1.26M-3.39M3.48M
FinancingCashFlow17.59M11.26M12.45M27.07M
CashFlowFromContinuingFinancingActivities17.59M11.26M12.45M27.07M
NetOtherFinancingCharges-160.12K-319.98K217.81K-1.06M
ProceedsFromStockOptionExercised15.80K-247.16K
NetCommonStockIssuance7.21M6.90M11.03M27.40M
CommonStockIssuance7.21M6.90M11.03M27.40M
NetIssuancePaymentsOfDebt10.54M4.68M1.20M981.79K
NetLongTermDebtIssuance10.54M4.68M1.20M981.79K
LongTermDebtPayments-1.46M-301.54K-3.77M-3.57M
LongTermDebtIssuance12.00M4.98M4.97M4.55M
InvestingCashFlow-6.48M3.63M-3.73M-16.10M
CashFlowFromContinuingInvestingActivities-6.48M3.63M-3.73M-16.10M
NetOtherInvestingChanges-1.86M-109.99K-50.04K-4.50M
NetInvestmentPurchaseAndSale-3.11M-10.02M-1.24M1.24M
SaleOfInvestment779.60K1.68M1.56M
PurchaseOfInvestment-3.11M-10.02M-2.92M-324.95K
NetInvestmentPropertiesPurchaseAndSale0.00
SaleOfInvestmentProperties0.00
NetBusinessPurchaseAndSale-1.29M15.78M-750.00K-12.75M
SaleOfBusiness0.0027.78M0.00219.22K
PurchaseOfBusiness-1.29M-12.00M-750.00K-12.97M
NetIntangiblesPurchaseAndSale-285.00K-200.00K-500.00K0.00
PurchaseOfIntangibles-285.00K-200.00K-500.00K0.00
NetPPEPurchaseAndSale65.28K-1.82M-1.19M-78.47K
SaleOfPPE1.00M0.001.50M0.00
PurchaseOfPPE-934.72K-1.82M-2.69M-78.47K
OperatingCashFlow-13.94M-13.63M-12.11M-7.49M
CashFlowFromContinuingOperatingActivities-13.94M-13.63M-12.11M-7.49M
ChangeInWorkingCapital2.03M3.06M1.11M-926.31K
ChangeInOtherWorkingCapital-1.08M1.14M2.42K
ChangeInOtherCurrentLiabilities2.70M500.00K154.44K0.00
ChangeInOtherCurrentAssets-64.61K387.73K81.58K-85.82K
ChangeInPayablesAndAccruedExpense863.26K746.08K701.36K-602.55K
ChangeInAccruedExpense-976.00K714.71K620.50K104.46K
ChangeInPayable1.84M31.37K80.85K-707.00K
ChangeInAccountPayable1.84M31.37K80.85K-707.00K
ChangeInPrepaidAssets253.73K311.50K170.52K-237.94K
ChangeInReceivables-643.31K-26.36K
ChangesInAccountReceivables-643.31K-26.36K
OtherNonCashItems15.65M1.68M2.22M-2.51M
StockBasedCompensation41.80K-2.26K482.00K463.99K
UnrealizedGainLossOnInvestmentSecurities711.92K-25.03M-93.52K0.00
AssetImpairmentCharge8.59M240.00K20.08M7.27M
DeferredTax0.00-5.75M
DeferredIncomeTax0.00-5.75M
DepreciationAmortizationDepletion2.19M2.43M2.79M1.09M
DepreciationAndAmortization2.19M2.43M2.79M1.09M
AmortizationCashFlow2.00M2.17M569.72K
AmortizationOfIntangibles2.00M2.17M569.72K
Depreciation435.68K617.81K522.73K
OperatingGainsLosses10.25M-6.53M7.95M17.45M
EarningsLossesFromEquityInvestments1.76M1.72M1.13M2.05M
GainLossOnInvestmentSecurities-1.28M-811.09K7.87M15.40M
GainLossOnSaleOfPPE0.00-1.06M0.00
GainLossOnSaleOfBusiness-804.49K-7.30M0.000.00
NetIncomeFromContinuingOperations-53.40M10.53M-46.74M-24.58M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for LODE
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