Comstock Raises $50M in Oversubscribed Offering, to Support Expansion and Capital Expenditures.

Comstock (LODE) has successfully raised $50 million through an oversubscribed public offering, with proceeds to be used for capital expenditures and market expansion. The company's stock fell 12% in after-market trading following the announcement. Comstock's financial health presents a mixed picture, with revenue growth of 2.1% over the past three years and significant losses, but a relatively strong liquidity position. The company's valuation metrics are high compared to historical ranges, and investors should consider risks associated with the metals and mining industry and Comstock's high volatility.