Key Points
- Comstock CEO Corrado Degasperis bought 35,000 shares on May 12 at an average price of $2.89, a transaction worth about $101,150. The purchase increased his direct holdings by 25.77% to 170,818 shares.
- The stock was trading around $2.91 and was down 2% in Wednesday trading, with a 52-week range of $2.24 to $4.80. Comstock also has a market cap of about $220.9 million and negative earnings metrics.
- Comstock recently reported a quarterly loss of $0.14 per share on just $0.31 million in revenue, and analysts expect a full-year loss of $0.41 per share. Institutional ownership remains relatively low at 7.96%.
Comstock Inc. (NYSEAMERICAN:LODE - Get Free Report) CEO Corrado Degasperis purchased 35,000 shares of the firm's stock in a transaction on Tuesday, May 12th. The shares were acquired at an average cost of $2.89 per share, with a total value of $101,150.00. Following the completion of the acquisition, the chief executive officer directly owned 170,818 shares in the company, valued at $493,664.02. The trade was a 25.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Comstock Stock Down 2.0%
Comstock stock opened at $2.91 on Wednesday. Comstock Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.06 and a current ratio of 4.51. The company has a market capitalization of $220.90 million, a P/E ratio of -3.03 and a beta of 1.31. The stock has a 50-day simple moving average of $3.15 and a 200-day simple moving average of $3.29.
Comstock (NYSEAMERICAN:LODE - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $0.31 million during the quarter. Comstock had a negative net margin of 4,011.56% and a negative return on equity of 32.51%. Equities research analysts expect that Comstock Inc. will post -0.41 earnings per share for the current year.
Hedge Funds Weigh In On Comstock
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Comstock by 162.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 500,171 shares of the company's stock worth $1,525,000 after purchasing an additional 309,347 shares during the period. Wealth Effects LLC purchased a new stake in Comstock in the 1st quarter valued at approximately $34,000. Rockefeller Capital Management L.P. lifted its stake in shares of Comstock by 133.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company's stock worth $26,000 after purchasing an additional 4,000 shares during the period. Flax Pond Capital LLC purchased a new position in shares of Comstock during the 4th quarter worth $2,610,000. Finally, Millennium Management LLC purchased a new position in shares of Comstock during the 4th quarter worth $303,000. Institutional investors and hedge funds own 7.96% of the company's stock.
Comstock Company Profile
(
Get Free Report)
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.
Further Reading
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