Comstock (NYSEAMERICAN:LODE) Director Buys $108,372.78 in Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei purchased 26,177 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average price of $4.14 per share, with a total value of $108,372.78. Following the purchase, the director owned 1,557,157 shares of the company’s stock, valued at approximately $6,446,629.98. The trade was a 1.71% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, June 3rd, Steven Yu-Tsung Pei purchased 180,000 shares of Comstock stock. The stock was bought at an average cost of $3.93 per share, for a total transaction of $707,400.00.
• On Tuesday, June 2nd, Steven Yu-Tsung Pei acquired 153,823 shares of Comstock stock. The shares were bought at an average price of $4.10 per share, for a total transaction of $630,674.30.
• On Thursday, May 14th, Steven Yu-Tsung Pei acquired 79,559 shares of Comstock stock. The shares were bought at an average cost 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 bought at an average cost of $3.38 per share, with a total value of $1,166,100.00.

Comstock Price Performance

Shares of LODE stock opened at $3.93 on Friday. The firm has a market cap of $298.33 million, a P/E ratio of -4.09 and a beta of 1.37. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.51 and a quick ratio of 4.51. Comstock Inc. has a 1-year low of $2.24 and a 1-year high of $4.80. The firm has a fifty day moving average of $3.43 and a two-hundred day moving average of $3.40.

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

Hedge Funds Weigh In On Comstock

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Comstock by 90.0% during the third quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company’s stock worth $7,290,000 after purchasing an additional 1,009,539 shares during the last quarter. Sei Investments Co. increased its stake in Comstock by 286.0% during the first quarter. Sei Investments Co. now owns 1,700,841 shares of the company’s stock valued at $5,188,000 after purchasing an additional 1,260,259 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Comstock during the third quarter valued at $4,104,000. Regal Partners Ltd bought a new stake in Comstock during the third quarter valued at $3,954,000. Finally, Flax Pond Capital LLC increased its stake in Comstock by 22.4% during the first quarter. Flax Pond Capital LLC now owns 849,788 shares of the company’s stock valued at $2,592,000 after purchasing an additional 155,763 shares during the last quarter. 7.96% of the stock is currently owned by institutional investors and hedge funds.

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.