Insider Buying: Comstock (NYSEAMERICAN:LODE) Director Buys 150,000 Shares of Stock

Comstock Inc. (NYSEAMERICAN:LODEGet Free Report) Director Steven Yu-Tsung Pei purchased 150,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $4.10 per share, with a total value of $615,000.00. Following the completion of the transaction, the director owned 1,868,323 shares of the company’s stock, valued at $7,660,124.30. This represents a 8.73% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Thursday, June 11th, Steven Yu-Tsung Pei purchased 100,000 shares of Comstock stock. The stock was 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 purchased 180,000 shares of Comstock stock. The stock was 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 purchased 153,823 shares of Comstock stock. The stock was 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 purchased 26,177 shares of Comstock stock. The stock was 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 purchased 79,559 shares of Comstock stock. The stock was 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 purchased 345,000 shares of Comstock stock. The stock was 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 traded down $0.02 during midday trading on Monday, reaching $4.08. The company’s stock had a trading volume of 1,019,830 shares, compared to its average volume of 1,583,783. 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 Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.80. The business’s 50 day moving average price is $3.53 and its two-hundred day moving average price is $3.43. The company has a market cap of $309.71 million, a P/E ratio of -4.25 and a beta of 1.37.

Comstock (NYSEAMERICAN:LODEGet Free Report) last released its quarterly earnings results 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 during the quarter. On average, analysts forecast that Comstock Inc. will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Comstock

A number of hedge funds and other institutional investors have recently made changes to their positions in LODE. Sei Investments Co. raised its position in shares of Comstock by 286.0% in the first quarter. Sei Investments Co. now owns 1,700,841 shares of the company’s stock valued at $5,188,000 after buying an additional 1,260,259 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Comstock during the third quarter valued at approximately $4,104,000. Regal Partners Ltd acquired a new position in Comstock during the third quarter valued at approximately $3,954,000. Vanguard Group Inc. raised 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 purchasing an additional 1,009,539 shares in the last quarter. Finally, Flax Pond Capital LLC acquired a new position in Comstock during the fourth quarter valued at approximately $2,610,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

About Comstock

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Comstock (NYSEAMERICAN:LODE)

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