Corrado Degasperis Buys 35,000 Shares of Comstock (NYSEAMERICAN:LODE) Stock

Comstock Inc. (NYSEAMERICAN:LODE) CEO Corrado Degasperis purchased 35,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of $2.89 per share, for a total transaction of $101,150.00. Following the completion of the purchase, the chief executive officer owned 170,818 shares in the company, valued at approximately $493,664.02. This trade represents a 25.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Comstock Price Performance

Shares of NYSEAMERICAN:LODE traded down $0.06 on Tuesday, reaching $2.91. 1,038,010 shares of the company were exchanged, compared to its average volume of 1,627,300. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.11. Comstock Inc. has a 1-year low of $2.24 and a 1-year high of $4.80. The firm has a market cap of $220.90 million, a price-to-earnings ratio of -3.03 and a beta of 1.31. The company has a 50-day moving average of $3.15 and a 200-day moving average of $3.29.

Comstock (NYSEAMERICAN:LODE) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter. Comstock had a negative return on equity of 36.39% and a negative net margin of 4,011.56%.The company had revenue of $0.31 million for the quarter. Equities analysts forecast that Comstock Inc. will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Comstock

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Comstock by 90.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company’s stock valued at $7,290,000 after acquiring an additional 1,009,539 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Comstock in the 3rd quarter valued at about $4,104,000. Regal Partners Ltd acquired a new stake in Comstock in the 3rd quarter valued at about $3,954,000. Flax Pond Capital LLC acquired a new stake in Comstock in the 4th quarter valued at about $2,610,000. Finally, Marshall Wace LLP grew its stake in Comstock by 3,811.1% in the 4th quarter. Marshall Wace LLP now owns 669,494 shares of the company’s stock valued at $2,517,000 after acquiring an additional 652,376 shares during the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

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.