Comstock Metals Subsidiary Sells Asset for $27 M

(24/7 MARKET NEWS) – Comstock Inc. (NYSE: LODE) announced, this morning, that LINICO Corporation, Comstock’s 88% owned subsidiary, agreed to sell its facility in McCarran, Nevada, for a gross price of $27 million.

Comstock is trading at $0.345, up $0.037 (+12.16%), on 2.3 million premarket shares.

Its 52-week trading range is $0.2402 to $2.12. Its next key resistance points are $0.37 and $0.42.

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