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The latest announcement is out from Comstock Mining ( (LODE) ).
Comstock Exploration and Development LLC, a subsidiary of Comstock Inc., has been actively involved in a series of amendments to a purchase agreement with Decommissioning Services LLC for acquiring 190 industrial acres in Lyon County, Nevada. The agreement, initially set in April 2022, has undergone several amendments, including changes in purchase price, stock issuance, and payment terms, with the latest amendment extending the closing date to December 31, 2025. These strategic adjustments aim to secure the land acquisition while managing financial obligations effectively.
The most recent analyst rating on (LODE) stock is a Buy with a $2.60 price target. To see the full list of analyst forecasts on Comstock Mining stock, see the LODE Stock Forecast page.
Spark’s Take on LODE Stock
According to Spark, TipRanks’ AI Analyst, LODE is a Neutral.
Comstock Mining’s overall stock score is driven primarily by its precarious financial position, marked by significant leverage and cash flow issues. Despite strong technical indicators and strategic corporate developments, the negative valuation metrics and financial instability weigh heavily on the score.
To see Spark’s full report on LODE stock, click here.
More about Comstock Mining
Comstock Inc. operates in the mining industry, focusing on exploration and development through its subsidiary, Comstock Exploration and Development LLC. The company is involved in acquiring industrial land, as evidenced by its recent activities in Lyon County, Nevada.
Average Trading Volume: 440,851
Technical Sentiment Signal: Hold
Current Market Cap: $113.3M
For an in-depth examination of LODE stock, go to TipRanks’ Overview page.