Comstock Inc. (NYSEAMERICAN:LODE – Get Free Report) Director Steven Yu-Tsung Pei purchased 100,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of $4.09 per share, for a total transaction of $409,000.00. Following the completion of the purchase, the director directly 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Steven Yu-Tsung Pei also recently made the following trade(s):
- On Friday, June 12th, Steven Yu-Tsung Pei acquired 150,000 shares of Comstock stock. The shares were bought at an average price of $4.10 per share, with a total value of $615,000.00.
- 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 Monday, June 1st, Steven Yu-Tsung Pei acquired 26,177 shares of Comstock stock. The shares were bought 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 acquired 79,559 shares of Comstock stock. The shares were bought 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 acquired 345,000 shares of Comstock stock. The shares were bought at an average price of $3.38 per share, with a total value of $1,166,100.00.
Comstock Trading Down 0.5%
Shares of LODE traded down $0.02 during mid-day trading on Monday, reaching $4.08. 1,019,830 shares of the company were exchanged, compared to its average volume of 1,583,783. The stock has a market capitalization of $309.71 million, a PE ratio of -4.25 and a beta of 1.37. The business has a 50 day simple moving average of $3.53 and a two-hundred day simple moving average of $3.43. 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 52 week low of $2.24 and a 52 week high of $4.80.
Institutional Investors Weigh In On Comstock
A number of hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. increased its holdings in Comstock by 133.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock worth $26,000 after purchasing an additional 4,000 shares in the last quarter. Marathon Capital Management increased its holdings in shares of Comstock by 48.1% during the third 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 in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Comstock during the fourth quarter valued at approximately $39,000. Wealth Effects LLC bought a new stake in shares of Comstock during the first quarter valued at approximately $34,000. Finally, MML Investors Services LLC bought a new stake in shares of Comstock during the fourth quarter valued at approximately $45,000. 7.96% of the stock is currently owned by institutional investors.
About Comstock
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.
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