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Comstock Mining Inc. (LODE)

NYSE American - NYSE American Delayed Price. Currency in USD
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4.8800-0.4000 (-7.58%)
At close: 4:00PM EST

4.8500 -0.03 (-0.61%)
After hours: 7:59PM EST

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Commodity Channel Index

Commodity Channel Index

Previous Close5.2800
Open4.4000
Bid4.8100 x 900
Ask4.8500 x 800
Day's Range4.3800 - 4.9895
52 Week Range0.3300 - 9.8500
Volume3,728,371
Avg. Volume10,985,459
Market Cap170.706M
Beta (5Y Monthly)1.50
PE Ratio (TTM)7.63
EPS (TTM)0.6400
Earnings DateNov 17, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est4.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Comstock Mining Announces a $16 Million Registered Direct Offering of Common Stock
    GlobeNewswire

    Comstock Mining Announces a $16 Million Registered Direct Offering of Common Stock

    VIRGINIA CITY, Nev., March 02, 2021 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (the “Company”) (NYSE: LODE) announced that it has entered into securities purchase agreements for the sale of 4,000,000 shares of its common stock at a price of $4.00 per share in a registered direct offering. No warrants will be issued in connection with the transaction. The closing of the offering is expected to occur on or about March 4, 2021, subject to the satisfaction of customary closing conditions. Noble Capital Markets, Inc. is acting as the sole placement agent for the offering. The Company intends to use the net proceeds from the offering to fund the LINICO Corporation acquisition, previously announced on February 17, 2021, investments in Mercury Clean Up LLC, mineral acquisition and development, and general corporate purposes. The share offering will be made under the Company’s effective shelf registration statement on Form S-3 (File No. 333-229890) previously filed with the Securities and Exchange Commission (“SEC”). A prospectus supplement describing the terms of this proposed offering will be filed with the SEC. When available, electronic copies of the prospectus supplement and accompanying base prospectus may be obtained from Noble Capital Markets, Inc. at 225 N.E. Mizner Boulevard, Suite 150, Boca Raton, Fl 33431 Attn. Prospectus Department, or by telephone at 561-994-1191, or by email at info@noblecapitalmarkets.com. Before investing in this offering, interested parties should read the other documents that the company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any shares of the Company’s common stock, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and a related prospectus supplement, which have been or will be filed with the SEC. About Comstock Mining Inc. Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging leader in sustainable mineral development and production of environment-enhancing, increasingly scarce strategic and precious metals, focused on conservation-based waste, high-value, cash-generating, mineral and metals essential to meeting the rapidly increasing demand for clean energy technologies. The Company has extensive, contiguous property in the historic, world-class Comstock Lode mining district with fully permitted, metallurgical labs and an operational, mineral processing and beneficiation platform that includes a growing portfolio of mercury remediation, gold and silver extraction facilities. To learn more, please visit www.comstockmining.com. Forward-Looking Statements This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future operating margins; available resources; environmental conservation outcomes; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer. Contact information: Comstock Mining Inc.P.O. Box 1118Virginia City, NV 89440www.comstockmining.comCorrado De GasperisExecutive Chairman & CEOTel (775) 847-4755degasperis@comstockmining.comZach SpencerDirector of External RelationsTel (775) 847-5272 Ext.151questions@comstockmining.com

  • TheStreet.com

    Verizon, Tribune, Comstock Mining: 5 Top Stock Gainers for Wednesday

    Verizon, Tribune Publishing, Comstock Mining, CornerStone OnDemand and MoneyGram International are five top stock gainers for Wednesday.

  • MarketWatch

    Comstock Mining stock soars more than fourfold after taking stake in lithium-ion battery recycler

    Comstock Mining Inc. is the stock du jour Wednesday, as it blasted higher more than fourfold on heavy volume to pace all premarket gainers. The mineral development and production company announced deals in which it secured rights for up to a 64% stake in Linico Corp., which is a lithium-ion battery (LIB) recycling company. Comstock will pay $4.5 million in cash and 3.0 million shares of its restricted common stock, which represents a total consideration of $10.75 billion. Comstock shares shot up 307.6%, and trading volume of 13.0 million shares was already above the full-day average over the past 30 days of 12.7 million shares. Linico recently acquired a battery metal recycling facility in Nevada from Aqua Metals Inc., and Aqua Metals is investing $2 million for a 10% stake in Linico. "We see spent lithium-ion batteries as a potent industrial mineral, and - as with any resource, we need the right team, technology, and infrastructure to extract and process it," said Comstock Chief Executive Corrado De Gasperis. "This transaction assembles all three into an ecosystem of aligned partners, operating systemically on a common goal." The latest available data showed that Comstock short interest was just 0.2% of the public float. The stock has rallied 120.6% over the past three months through Tuesday, while the S&P 500 has gained 9.0%.