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Why Comstock Mining Stock Crashed Today

·2-min read
Why Comstock Mining Stock Crashed Today
In this article:
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Shares of Comstock Mining (NYSEMKT: LODE), a Nevada-based gold and silver miner with ambitions to enter the market for recycling lithium-ion batteries, crashed in morning trading today. In a report released today, short-seller Spruce Point Capital Management warns that "sector hype" and investors ignoring valuations and failing to do their due diligence have artificially inflated the stock of certain companies, Comstock Mining among them. Blasting the stock as an "egregious pretender" with "grand ambitions to enter the market for EV battery recycling," Spruce Point urges investors to sell Comstock.

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