Comstock Inc. (NASDAQ:LODE) Stock Turns Volatile: Here is Why

Following the 18% rally in its stock on Wednesday, it is likely that the Comstock Inc. (NASDAQ:LODE) stock would be in focus among investors this morning. The rally in the stock came about after the company announced that its fully owned subsidiary unit, Comstock IP Holdings LLC, executed an exclusive license agreement and cooperative research and development agreement with Alliance for Sustainable Energy LLC.

Comstock Executes Exclusive License and Cooperative Research and Development Agreement with the Department of Energy’s National Renewable Energy Laboratory

Alliance is the operating and managing contractor of the National Renewable Energy Laboratory (NREL) of the United States Department of Energy. It involved technologies developed by the NREL and Massachusetts Institute of Technology (MIT) for turning lignocellulosic biomass into aromatic sustainable aviation fuel (SAF).

The agreements between NREL and MIT provided the former with the right to license the joint intellectual properties. Previously, Comstock IP Holdings had granted Comstock Fuels Corporation with the masters exclusive rights by way of which it could commercialize the existing as well as new renewable fuels.

In the news release, the company also announced that Comstock IP Holdings was concerned with constant improvement of the operations and performance of the commercial fuel operations of Comstock Fuel. The latest agreement could be a game changer for Comstock, and the reaction of the market may be worth noticing ahead of the trading day.

Fundamentals

P/E Ratio	6.6800
PEG Ratio	0.02
Price to Book	0.87
Price to Cash Flow	–
Price to Free Cash Flow	–
Total Sales (TTM)	2.07 M
Revenue per Share (TTM)	0.01
Shares Outstanding	206.635 M
Share Float (%)	192.42 M (93.12%)
% Held by Institutions	6.01