Comstock Mining (NYSEAMERICAN:LODE) is on the rise Monday as investors pick up shares of LODE stock with the recent surge in silver prices.
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The recent attention on Comstock Mining has LODE stock seeing heavy trading today. As of this writing, more than 282 million shares of the stock have changed hands. That’s a massive spike in trading compared to its daily average trading volume of roughly 600,000 shares.
Here’s everything potential investors need to know about LODE stock and today’s increasing price.
- Comstock Mining is a gold and silver mining company based out of Nevada with property in the Comstock District.
- The company currently owns 9,358 acres of mining claims and parcels in the area.
- That includes 2,396 acres of private lands and 6,962 acres of public lands administered by the Bureau of Land Management.
- LODE stock is soaring on buzz that Redditors are picking up shares of the stock and boosting it higher.
- Several silver stocks are seeing a similar increase today as retail investors push the prices higher.
- This all started last week when calls on the Reddit WallStreetBets to invest in silver started popping up.
- However, there are arguments on the board over whether or not silver stocks should be invested in.
- Either way, there’s no denying that the buzz around the stocks is pushing some investors in picking up shares today.
- The push for silver stocks has also resulted in limited trading on the Robinhood app.
- As a result, investors are seeking out alternatives to use for trading.
LODE stock was up 169% as of Monday afternoon.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.