Steven Yu-Tsung Pei Purchases 79,559 Shares of Comstock (NYSEAMERICAN:LODE) Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei acquired 79,559 shares of the stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $3.42 per share, for a total transaction of $272,091.78. Following the acquisition, the director directly owned 1,530,980 shares in the company, valued at $5,235,951.60. This represents a 5.48% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, May 13th, Steven Yu-Tsung Pei acquired 345,000 shares of Comstock stock. The stock was acquired at an average cost of $3.38 per share, for a total transaction of $1,166,100.00.

Comstock Stock Up 5.1%

LODE stock opened at $3.49 on Friday. The company has a market cap of $264.93 million, a P/E ratio of -3.64 and a beta of 1.31. Comstock Inc. has a 52 week low of $2.24 and a 52 week high of $4.80. The company’s 50-day moving average price is $3.16 and its 200 day moving average price is $3.29. The company has a current ratio of 4.51, a quick ratio of 2.06 and a debt-to-equity ratio of 0.08.

Comstock (NYSEAMERICAN:LODE) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) 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%. On average, research analysts expect that Comstock Inc. will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Comstock

A number of institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its holdings in Comstock by 133.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock worth $26,000 after buying an additional 4,000 shares in the last quarter. Marathon Capital Management boosted its holdings in Comstock by 48.1% during the third quarter. Marathon Capital Management now owns 20,000 shares of the company’s stock worth $68,000 after buying an additional 6,500 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in Comstock during the fourth quarter worth about $39,000. Wealth Effects LLC purchased a new stake in Comstock during the first quarter worth about $34,000. Finally, MML Investors Services LLC purchased a new stake in Comstock during the fourth quarter worth about $45,000. Hedge funds and other 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.