276,243 Shares in Comstock Inc. $LODE Bought by 683 Capital Management LLC

683 Capital Management LLC bought a new position in shares of Comstock Inc. (NYSEAMERICAN:LODE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 276,243 shares of the company’s stock, valued at approximately $1,039,000. 683 Capital Management LLC owned about 0.54% of Comstock at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LODE. Jefferies Financial Group Inc. purchased a new position in shares of Comstock during the fourth quarter worth $39,000. Virtu Financial LLC purchased a new position in shares of Comstock during the third quarter worth $44,000. MML Investors Services LLC purchased a new position in shares of Comstock during the fourth quarter worth $45,000. Marathon Capital Management raised its holdings in shares of 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 purchasing an additional 6,500 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Comstock in the third quarter valued at $78,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

Insider Buying and Selling at Comstock

In other news, CEO Corrado Degasperis acquired 35,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of $2.89 per share, with a total value of $101,150.00. Following the completion of the acquisition, the chief executive officer owned 170,818 shares of the company’s stock, valued at approximately $493,664.02. This represents a 25.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven Yu-Tsung Pei acquired 345,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $3.38 per share, with a total value of $1,166,100.00. Following the acquisition, the director directly owned 1,451,421 shares of the company’s stock, valued at $4,905,802.98. This represents a 31.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 1,111,651 shares of company stock valued at $4,177,981. Corporate insiders own 2.70% of the company’s stock.

Comstock Stock Up 8.6%

LODE opened at $4.68 on Thursday. Comstock Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.96. 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 company has a fifty day moving average of $3.57 and a two-hundred day moving average of $3.44. The stock has a market capitalization of $355.26 million, a price-to-earnings ratio of -4.87 and a beta of 1.37.

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

Comstock 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.