Insider Buying: Comstock (NYSEAMERICAN:LODE) Director Acquires 100,000 Shares of Stock

Comstock Inc. (NYSEAMERICAN:LODEGet Free Report) Director Steven Yu-Tsung Pei acquired 100,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $4.09 per share, with a total value of $409,000.00. Following the acquisition, the director owned 1,718,323 shares of the company’s stock, valued at approximately $7,027,941.07. This represents a 6.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, June 12th, Steven Yu-Tsung Pei bought 150,000 shares of Comstock stock. The shares were bought at an average cost of $4.10 per share, for a total transaction of $615,000.00.
  • On Wednesday, June 3rd, Steven Yu-Tsung Pei acquired 180,000 shares of Comstock stock. The stock was acquired 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 purchased 153,823 shares of Comstock stock. The shares were purchased at an average cost of $4.10 per share, for a total transaction of $630,674.30.
  • On Monday, June 1st, Steven Yu-Tsung Pei purchased 26,177 shares of Comstock stock. The shares were purchased at an average cost of $4.14 per share, for a total transaction of $108,372.78.
  • On Thursday, May 14th, Steven Yu-Tsung Pei purchased 79,559 shares of Comstock stock. The shares were purchased at an average cost of $3.42 per share, for a total transaction 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 price of $3.38 per share, for a total transaction of $1,166,100.00.

Comstock Stock Performance

Shares of NYSEAMERICAN:LODE traded down $0.02 during midday trading on Monday, reaching $4.08. 1,019,830 shares of the company traded hands, compared to its average volume of 1,583,783. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.08. Comstock Inc. has a 12 month low of $2.24 and a 12 month high of $4.80. The firm has a market capitalization of $309.71 million, a price-to-earnings ratio of -4.25 and a beta of 1.37. The firm’s fifty day moving average price is $3.53 and its two-hundred day moving average price is $3.43.

Comstock (NYSEAMERICAN:LODEGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter. The business 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%. On average, equities analysts expect that Comstock Inc. will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On Comstock

Several institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its holdings in Comstock by 133.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock valued at $26,000 after acquiring an additional 4,000 shares during the period. Marathon Capital Management boosted its holdings in Comstock by 48.1% during the 3rd quarter. Marathon Capital Management now owns 20,000 shares of the company’s stock valued at $68,000 after acquiring an additional 6,500 shares during the period. Jefferies Financial Group Inc. purchased a new stake in Comstock during the 4th quarter valued at about $39,000. Wealth Effects LLC purchased a new stake in Comstock during the 1st quarter valued at about $34,000. Finally, MML Investors Services LLC purchased a new stake in Comstock during the 4th quarter valued at about $45,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

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

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