NYSEAM:LODEOil and Gas
Assessing Comstock (LODE) Valuation After Its US$50 Million Follow On Equity Offering
Follow on offering reshapes the capital picture
Comstock (LODE) has just completed a follow on equity offering, raising US$50 million by issuing 18,181,819 common shares at US$2.75, alongside pre funded warrants. This move can reshape ownership and future funding capacity.
See our latest analysis for Comstock.
Comstock’s follow on offer comes after a volatile spell for the stock, with a 7 day share price return of 31.8% decline and a year to date share price return of 19.5% decline. The 1...