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Comstock Resources: A Speculative Play On The Western Haynesville
Seeking Alpha· 2024-08-26 15:35
H 11 L B TH the E 0 the t in I t t 11 # onurdongel Comstock Resources, Inc. (NYSE:CRK) is an oil and gas exploration and production (E&P) company with a primary focus on natural gas production in the Haynesville and Bossier shales located in North Louisiana and East Texas. The firm has a market cap of around $3.34 billion, which puts it right on the edge of it being a small-cap or mid-cap stock. That makes it one of the riskier plays in the natural gas space, especially considering the uncertainty in the na ...
Over $34M Bet On Comstock Resources? Check Out These 3 Stocks Executives Are Buying
Benzinga· 2024-08-23 13:33
Although U.S. stocks closed lower on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, ...
Comstock (LODE) Commences Renewable Metal Shipments & Sales
ZACKS· 2024-08-21 16:05
Comstock Inc. (LODE) and its subsidiary, Comstock Metals Corporation, have announced the first renewable metal shipments and sales . The company sold approximately 3,000 pounds of recycled, reusable aluminum and began regularly scheduled shipments. This initial sale exceeded LODE's expectations for secondary recovery, averaging more than 50 cents per pound for various aluminum scrap grades. In the second quarter of 2024, Comstock Metals successfully demonstrated its ability to process clean, completely sala ...
Comstock Metals Records First Renewable Metal Shipments and Sales
GlobeNewswire News Room· 2024-08-20 10:00
VIRGINIA CITY, Nev., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) ("Comstock" and the "Company") and its subsidiary, Comstock Metals Corporation ("Comstock Metals"), a technology leader in efficiently recycling end-of-life solar panels into reusable aluminum, copper, silver, glass and other minerals, that delivers a 100% closed-loop, zero-landfill solution, today announced its first shipments and revenues from the sale of over 3,000 pounds of recycled, reusable aluminum, commencing regularly ...
Comstock Validates Record Renewable Fuel Yields
GlobeNewswire News Room· 2024-08-15 12:33
VIRGINIA CITY, Nev., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) ("Comstock" and the "Company") and its subsidiary, Comstock Fuels Corporation ("Comstock Fuels"), a technology leader in efficiently converting woody biomass into low carbon renewable fuels, today announced completion of testing to validate renewable fuel conversion yields of up to 125 gallons per dry ton of woody biomass on a gasoline gallon equivalent basis ("GGE"). Comstock Fuels offers advanced lignocellulosic biomass refi ...
Comstock Inc. (LODE) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-08-08 23:16
Comstock Inc. (LODE) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.05 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced a loss of $0.06, delivering a surprise of -50%. Over the last four quarters, the company has surpassed con ...
Comstock Announces Second Quarter 2024 Results and Corporate Updates
GlobeNewswire News Room· 2024-08-08 20:15
VIRGINIA CITY, Nev., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) ("Comstock," "our," and the "Company"), today announced its second quarter 2024 results, certain business and investment updates and an updated business outlook, with significant progress from each business, corporate and collectively across the system. "While I have personally dedicated the substantial majority of my capacity over the past several months on successfully advancing strategic transactions, our equally dedicated ...
Comstock Secures $325 Million Term Sheet for Investments and Real Estate Sales
GlobeNewswire News Room· 2024-08-08 13:15
VIRGINIA CITY, Nev., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE) a leader in hard technology developments enabling clean energy, today announced the execution of an indicative term sheet for $325 million (about $315 million net of transaction fees) in funding through SBC Commerce LLC ("SBCC"), a U.S. based, globally positioned, private equity group. The transaction is subject to final due diligence and applicable regulatory approvals. This significant series of milestones, represen ...
Comstock Inc. to Host Q2 Earnings Call on August 8, 2024, at 4:30pm ET
Newsfilter· 2024-07-25 20:30
Date: Thursday, August 8, 2024 Time: 4:30pm ET Register: Webinar Registration About Comstock Inc. Comstock Social Media Policy 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 ...
Comstock Inc. to Host Q2 Earnings Call on August 8, 2024, at 4:30pm ET
GlobeNewswire News Room· 2024-07-25 20:30
VIRGINIA CITY, Nev., July 25, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) ("Comstock" and the "Company") is pleased to announce that the Company's Executive Chairman, Director & CEO, Corrado De Gasperis, and COO, William McCarthy will be providing an overview of recent financial results, along with important business updates on Thursday, August 8, 2024, at 4:30pm ET, followed by a live Q&A. We invite all investors and other interested parties to register for the webinar at the link below. Date: Thur ...