Comstock (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei Acquires 100,000 Shares of Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei purchased 100,000 shares of Comstock stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $4.09 per share, for a total transaction of $409,000.00. Following the completion of the transaction, the director owned 1,718,323 shares of the company’s stock, valued at $7,027,941.07. This represents a 6.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, June 12th, Steven Yu-Tsung Pei purchased 150,000 shares of Comstock stock. The shares were acquired at an average cost of $4.10 per share, for a total transaction of $615,000.00.
• On Wednesday, June 3rd, Steven Yu-Tsung Pei purchased 180,000 shares of Comstock stock. The shares were acquired 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 shares were acquired 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 shares were acquired 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 purchased 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 purchased 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 Trading Down 0.5%

LODE opened at $4.08 on Tuesday. The firm has a market capitalization of $309.71 million, a P/E ratio of -4.25 and a beta of 1.37. The firm’s 50 day moving average is $3.53 and its 200-day moving average is $3.43. Comstock Inc. has a 52-week low of $2.24 and a 52-week high of $4.80. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.08.

Comstock (NYSEAMERICAN:LODE) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $0.31 million for the quarter. Comstock had a negative net margin of 4,011.56% and a negative return on equity of 32.51%. Analysts expect that Comstock Inc. will post -0.41 EPS for the current fiscal year.

Institutional Trading of Comstock

Hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its stake in shares of Comstock by 133.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock valued at $26,000 after purchasing an additional 4,000 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Comstock during the fourth quarter valued at approximately $39,000. Wealth Effects LLC purchased a new stake in shares of Comstock during the first quarter valued at approximately $34,000. MML Investors Services LLC purchased a new stake in shares of Comstock during the fourth quarter valued at approximately $45,000. Finally, Virtu Financial LLC purchased a new stake in shares of Comstock during the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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.