Comstock (NYSEAMERICAN:LODE) CEO Acquires $101,150.00 in Stock

Comstock Inc. (NYSEAMERICAN:LODE) CEO Corrado Degasperis purchased 35,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of $2.89 per share, with a total value of $101,150.00. Following the transaction, the chief executive officer directly owned 170,818 shares in the company, valued at approximately $493,664.02. This trade represents a 25.77% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Comstock Price Performance

Shares of LODE opened at $3.32 on Friday. The company has a 50 day moving average price of $3.16 and a 200-day moving average price of $3.29. Comstock Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.80. The stock has a market capitalization of $252.02 million, a PE ratio of -3.46 and a beta of 1.31. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.06 and a current ratio of 4.51.

Comstock (NYSEAMERICAN:LODE) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter. Comstock had a negative return on equity of 32.51% and a negative net margin of 4,011.56%.The business had revenue of $0.31 million during the quarter. Equities analysts predict that Comstock Inc. will post -0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Comstock

Several hedge funds have recently modified their holdings of LODE. Sei Investments Co. lifted its position in shares of Comstock by 286.0% in the 1st quarter. Sei Investments Co. now owns 1,700,841 shares of the company’s stock worth $5,188,000 after purchasing an additional 1,260,259 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Comstock in the 3rd quarter worth approximately $4,104,000. Regal Partners Ltd purchased a new stake in Comstock during the third quarter valued at approximately $3,954,000. Vanguard Group Inc. lifted its position in Comstock by 90.0% during the third quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company’s stock valued at $7,290,000 after acquiring an additional 1,009,539 shares during the last quarter. Finally, Flax Pond Capital LLC purchased a new stake in Comstock during the fourth quarter valued at approximately $2,610,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

Comstock Company Profile

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.