Why Comstock Mining Stock Crashed Today
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. As of 1:30 p.m. EST on Wednesday, Comstock remains down 11.1%.
Image source: Getty Images.
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.
Source Fool.com