Comstock (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei Purchases 180,000 Shares of Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei purchased 180,000 shares of Comstock stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $3.93 per share, with a total value of $707,400.00. Following the completion of the transaction, the director owned 1,890,980 shares of the company’s stock, valued at $7,431,551.40. This represents a 10.52% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Steven Yu-Tsung Pei also recently made the following trade(s):

• On Tuesday, June 2nd, Steven Yu-Tsung Pei purchased 153,823 shares of Comstock stock. The stock was bought at an average price of $4.10 per share, with a total value of $630,674.30.
• On Monday, June 1st, Steven Yu-Tsung Pei purchased 26,177 shares of Comstock stock. The stock was bought at an average price of $4.14 per share, with a total value of $108,372.78.
• On Thursday, May 14th, Steven Yu-Tsung Pei purchased 79,559 shares of Comstock stock. The stock was bought at an average price of $3.42 per share, with a total value of $272,091.78.
• On Wednesday, May 13th, Steven Yu-Tsung Pei acquired 345,000 shares of Comstock stock. The shares were acquired at an average cost of $3.38 per share, with a total value of $1,166,100.00.

Comstock Price Performance

NYSEAMERICAN:LODE opened at $3.92 on Thursday. The firm has a market capitalization of $297.57 million, a price-to-earnings ratio of -4.08 and a beta of 1.37. Comstock Inc. has a 52-week low of $2.24 and a 52-week high of $4.80. The stock has a fifty day moving average of $3.38 and a 200 day moving average of $3.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.51 and a current ratio of 4.51.

Comstock (NYSEAMERICAN:LODE) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $0.31 million for the quarter. Comstock had a negative net margin of 4,011.56% and a negative return on equity of 32.51%. On average, research analysts expect that Comstock Inc. will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Comstock

Large investors have recently added to or reduced their stakes in the business. Regal Partners Ltd bought a new stake in Comstock during the third quarter valued at $3,954,000. Apis Capital Advisors LLC boosted its stake in Comstock by 48.2% during the third quarter. Apis Capital Advisors LLC now owns 504,000 shares of the company’s stock valued at $1,724,000 after buying an additional 164,000 shares during the period. Marathon Capital Management boosted its stake in Comstock by 48.1% during the third quarter. Marathon Capital Management now owns 20,000 shares of the company’s stock valued at $68,000 after buying an additional 6,500 shares during the period. Aristides Capital LLC bought a new stake in Comstock during the third quarter worth about $448,000. Finally, Savvy Advisors Inc. lifted its stake in Comstock by 13.7% during the third quarter. Savvy Advisors Inc. now owns 462,280 shares of the company’s stock worth $1,581,000 after purchasing an additional 55,600 shares during the last quarter. Institutional investors own 7.96% of the company’s stock.

About Comstock

Comstock Mining, Inc (NYSE: LODE) is a growth-oriented mineral exploration and production company focused on the historic Comstock Lode in Virginia City, Nevada. The company’s primary business activities include the development, extraction and sale of gold and silver from its flagship Lucerne project. Comstock leverages modern mining techniques and infrastructure to access high-grade ore bodies in one of North America’s most renowned silver-gold districts.

In addition to its core precious metals operations, Comstock Mining maintains a commercial real estate division centered in Virginia City’s historic district.