Comstock Inc. (NYSEAMERICAN:LODE – Get Free Report) Director Steven Yu-Tsung Pei purchased 150,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was bought at an average cost of $4.10 per share, for a total transaction of $615,000.00. Following the completion of the purchase, the director directly owned 1,868,323 shares in the company, valued at approximately $7,660,124.30. This trade represents a 8.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Steven Yu-Tsung Pei also recently made the following trade(s):
- On Thursday, June 11th, Steven Yu-Tsung Pei purchased 100,000 shares of Comstock stock. The stock was bought at an average cost of $4.09 per share, for a total transaction of $409,000.00.
- On Wednesday, June 3rd, Steven Yu-Tsung Pei purchased 180,000 shares of Comstock stock. The stock was bought at an average cost of $3.93 per share, for a total transaction of $707,400.00.
- On Tuesday, June 2nd, Steven Yu-Tsung Pei purchased 153,823 shares of Comstock stock. The stock was bought at an average cost of $4.10 per share, for a total transaction of $630,674.30.
- On Monday, June 1st, Steven Yu-Tsung Pei purchased 26,177 shares of Comstock stock. The stock was bought at an average cost of $4.14 per share, for a total transaction of $108,372.78.
- On Thursday, May 14th, Steven Yu-Tsung Pei bought 79,559 shares of Comstock stock. The shares were acquired at an average cost of $3.42 per share, for a total transaction of $272,091.78.
- On Wednesday, May 13th, Steven Yu-Tsung Pei bought 345,000 shares of Comstock stock. The shares were acquired at an average cost of $3.38 per share, for a total transaction of $1,166,100.00.
Comstock Price Performance
LODE opened at $4.08 on Tuesday. 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. The stock has a market capitalization of $309.71 million, a PE ratio of -4.25 and a beta of 1.37. The stock’s 50 day moving average price is $3.53 and its 200-day moving average price is $3.43.
Hedge Funds Weigh In On Comstock
Several hedge funds have recently made changes to their positions in LODE. Geode Capital Management LLC increased its stake in shares of Comstock by 23.7% during the second quarter. Geode Capital Management LLC now owns 277,099 shares of the company’s stock valued at $1,050,000 after buying an additional 53,111 shares during the period. XTX Topco Ltd purchased a new position in shares of Comstock during the second quarter valued at approximately $163,000. Vanguard Group Inc. increased its stake in shares of Comstock by 90.0% during the third quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company’s stock valued at $7,290,000 after buying an additional 1,009,539 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Comstock by 86.2% during the third quarter. Dimensional Fund Advisors LP now owns 87,482 shares of the company’s stock valued at $300,000 after buying an additional 40,502 shares during the period. Finally, Regal Partners Ltd purchased a new position in shares of Comstock during the third quarter valued at approximately $3,954,000. 7.96% of the stock is owned by hedge funds and other institutional investors.
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.
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