Corrado Degasperis Buys 10,682 Shares of Comstock (NYSEAMERICAN:LODE) Stock

Comstock Inc. (NYSEAMERICAN:LODE) CEO Corrado Degasperis purchased 10,682 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average cost of $3.98 per share, for a total transaction of $42,514.36. Following the transaction, the chief executive officer directly owned 181,500 shares of the company’s stock, valued at approximately $722,370. The trade was a 6.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Corrado Degasperis also recently made the following trade(s):

• On Tuesday, May 12th, Corrado Degasperis purchased 35,000 shares of Comstock stock. The shares were purchased at an average cost of $2.89 per share, for a total transaction of $101,150.00.

Comstock Price Performance

LODE stock opened at $4.36 on Friday. The stock has a market capitalization of $330.97 million, a PE ratio of -4.54 and a beta of 1.37. The company’s 50-day moving average is $3.41 and its 200-day moving average is $3.40. 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.

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

Hedge Funds Weigh In On Comstock

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Flax Pond Capital LLC boosted its position in shares of Comstock by 22.4% during the 1st quarter. Flax Pond Capital LLC now owns 849,788 shares of the company’s stock worth $2,592,000 after purchasing an additional 155,763 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Comstock by 180.1% during the 1st quarter. Bank of America Corp DE now owns 80,736 shares of the company’s stock worth $246,000 after purchasing an additional 51,907 shares in the last quarter. Regal Partners Ltd bought a new position in shares of Comstock during the 1st quarter worth about $549,000. Sei Investments Co. boosted its position in shares of Comstock by 286.0% during 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 in the last quarter. Finally, DLD Asset Management LP bought a new position in shares of Comstock during the 1st quarter worth about $534,000. 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.