Key Points
- Comstock director Steven Yu-Tsung Pei bought 180,000 shares on June 3 at an average price of $3.93, a transaction worth about $707,400. The purchase increased his ownership by 10.52% to 1,890,980 shares.
- Pei has been actively accumulating Comstock stock in recent days, including purchases on June 2, June 1, May 14, and May 13. Those earlier buys ranged from 26,177 shares to 345,000 shares.
- Comstock shares were trading around $3.92, near both its 50-day and 200-day moving averages, while the company reported a quarterly loss and weak profitability metrics. Analysts currently expect the company to post a full-year EPS loss of $0.41.
Comstock Inc. (NYSEAMERICAN:LODE - Get Free Report) Director Leo Drozdoff acquired 7,000 shares of the company's stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average cost of $4.11 per share, for a total transaction of $28,770.00. Following the acquisition, the director owned 193,474 shares of the company's stock, valued at $795,178.14. The trade was a 3.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Comstock Stock Performance
LODE opened at $3.92 on Thursday. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 0.08. Comstock Inc. has a 12-month low of $2.24 and a 12-month high of $4.80. The company has a market cap of $297.57 million, a price-to-earnings ratio of -4.08 and a beta of 1.37. The company's 50 day moving average is $3.38 and its 200 day moving average is $3.39.
Comstock (NYSEAMERICAN:LODE - Get Free Report) last issued its quarterly earnings results 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 for the quarter. On average, equities research analysts predict that Comstock Inc. will post -0.41 EPS for the current year.
Hedge Funds Weigh In On Comstock
Several large investors have recently added to or reduced their stakes in LODE. Sei Investments Co. lifted its holdings in Comstock by 286.0% during the first quarter. Sei Investments Co. now owns 1,700,841 shares of the company's stock valued at $5,188,000 after purchasing an additional 1,260,259 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in Comstock during the third quarter valued at approximately $4,104,000. Regal Partners Ltd purchased a new position in Comstock during the third quarter valued at approximately $3,954,000. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 1,009,539 shares in the last quarter. Finally, Flax Pond Capital LLC purchased a new position in Comstock during the fourth quarter valued at approximately $2,610,000. Hedge funds and other institutional investors 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.
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