Insider Buying: Comstock (NYSEAMERICAN:LODE) Director Acquires $615,000.00 in Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei acquired 150,000 shares of the stock in a transaction on Friday, June 12th. The shares were acquired at an average price of $4.10 per share, with a total value of $615,000.00. Following the purchase, the director owned 1,868,323 shares in the company, valued at $7,660,124.30. This represents a 8.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, June 11th, Steven Yu-Tsung Pei acquired 100,000 shares of Comstock stock. The shares were acquired at an average price of $4.09 per share, with a total value of $409,000.00.
• On Wednesday, June 3rd, Steven Yu-Tsung Pei acquired 180,000 shares of Comstock stock. The shares were acquired at an average price of $3.93 per share, with a total value of $707,400.00.
• On Tuesday, June 2nd, Steven Yu-Tsung Pei acquired 153,823 shares of Comstock stock. The shares were acquired 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 acquired 26,177 shares of Comstock stock. The shares were acquired 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 acquired 79,559 shares of Comstock stock. The shares were acquired 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 price of $3.38 per share, with a total value of $1,166,100.00.

Comstock Price Performance

Shares of NYSEAMERICAN LODE opened at $4.68 on Thursday. Comstock Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.96. The business has a 50 day moving average price of $3.57 and a two-hundred day moving average price of $3.44. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.08. The firm has a market cap of $355.26 million, a PE ratio of -4.87 and a beta of 1.37.

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

Institutional Investors Weigh In On Comstock

Hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its position in shares of Comstock by 133.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock worth $26,000 after acquiring an additional 4,000 shares in the last quarter. Wealth Effects LLC acquired a new position in shares of Comstock in the 1st quarter worth approximately $34,000. Jefferies Financial Group Inc. acquired a new position in shares of Comstock in the 4th quarter worth approximately $39,000. Virtu Financial LLC acquired a new position in shares of Comstock in the 3rd quarter worth approximately $44,000. Finally, MML Investors Services LLC acquired a new position in shares of Comstock in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds 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.