Comstock tumbles on stock offering launch
ReutersJan 28, 2026 9:22 PM
Clean energy firm Comstock Inc's LODE.A shares down 15% to $3 post-market after planned equity raise news
Virginia City, Nevada-based firm commences stock offering; deal size not disclosed
Co intends to use net offering proceeds to fund capex for its metals business, any remainder for general corporate purposes
Titan Partners sole bookrunner
With ~51.4 mln shares outstanding, co has about $180 mln market cap
Shares ended down 1.9% at $3.53 on Weds. Stock down 6% to begin the year after 53% fall in 2025
Two analysts covering the stock rate it "hold" with PTs of $4 and $6.75, per LSEG data
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