Steven Yu-Tsung Pei Buys 150,000 Shares of Comstock (NYSEAMERICAN:LODE) Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei bought 150,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of $4.10 per share, with a total value of $615,000.00. Following the completion of the purchase, the director directly owned 1,868,323 shares in the company, valued at $7,660,124.30. The trade was a 8.73% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, June 11th, Steven Yu-Tsung Pei bought 100,000 shares of Comstock stock. The stock was purchased at an average price of $4.09 per share, with a total value of $409,000.00.
• On Wednesday, June 3rd, Steven Yu-Tsung Pei bought 180,000 shares of Comstock stock. The stock was purchased 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 bought 153,823 shares of Comstock stock. The stock was purchased 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 bought 26,177 shares of Comstock stock. The stock was purchased 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 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 traded down $0.02 during mid-day trading on Monday, hitting $4.08. The stock had a trading volume of 1,019,830 shares, compared to its average volume of 1,583,783. The company’s 50 day simple moving average is $3.53 and its 200 day simple moving average is $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. The stock has a market cap of $309.71 million, a price-to-earnings ratio of -4.25 and a beta of 1.37. Comstock Inc. has a twelve month low of $2.24 and a twelve month high of $4.80.

Comstock (NYSEAMERICAN:LODE) last issued 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%. On average, equities research analysts forecast that Comstock Inc. will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On Comstock

Several hedge funds have recently bought and sold shares of LODE. Sei Investments Co. lifted its position in Comstock by 286.0% during the first quarter. Sei Investments Co. now owns 1,700,841 shares of the company’s stock worth $5,188,000 after acquiring an additional 1,260,259 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Comstock during the third quarter worth approximately $4,104,000. Regal Partners Ltd acquired a new stake in Comstock during the third quarter worth approximately $3,954,000. Vanguard Group Inc. lifted its position in Comstock by 90.0% during the third quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company’s stock worth $7,290,000 after acquiring an additional 1,009,539 shares during the last quarter. Finally, Flax Pond Capital LLC acquired a new stake in Comstock during the fourth quarter worth approximately $2,610,000. 7.96% of the stock is currently owned by institutional investors and hedge funds.

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.