Comstock (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei Purchases 26,177 Shares

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei acquired 26,177 shares of the company’s stock in a transaction on Monday, June 1st. The shares were bought at an average price of $4.14 per share, with a total value of $108,372.78. Following the completion of the purchase, the director directly owned 1,557,157 shares of the company’s stock, valued at approximately $6,446,629.98. This represents a 1.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, June 3rd, Steven Yu-Tsung Pei acquired 180,000 shares of Comstock stock. The shares were bought 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 bought at an average price of $4.10 per share, with a total value of $630,674.30.
• On Thursday, May 14th, Steven Yu-Tsung Pei bought 79,559 shares of Comstock stock. The stock was purchased 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 bought 345,000 shares of Comstock stock. The stock was purchased at an average price of $3.38 per share, with a total value of $1,166,100.00.

Comstock Stock Performance

NYSEAMERICAN:LODE opened at $3.92 on Thursday. Comstock Inc. has a 1 year low of $2.24 and a 1 year high of $4.80. The firm has a 50 day moving average of $3.38 and a 200-day moving average of $3.39. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $297.57 million, a P/E ratio of -4.08 and a beta of 1.37.

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

Institutional Trading of Comstock

A number of hedge funds and other institutional investors have recently modified their holdings of LODE. Rockefeller Capital Management L.P. increased its holdings in shares of Comstock by 133.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock valued at $26,000 after purchasing an additional 4,000 shares in the last quarter. Wealth Effects LLC bought a new position in Comstock in the first quarter valued at about $34,000. Jefferies Financial Group Inc. bought a new position in Comstock in the fourth quarter valued at about $39,000. Virtu Financial LLC bought a new position in Comstock in the third quarter valued at about $44,000. Finally, MML Investors Services LLC bought a new position in Comstock in the fourth quarter valued at about $45,000. Institutional investors and hedge funds 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.