Key Points
- Comstock director Steven Yu-Tsung Pei bought 100,000 shares on June 11 at an average price of $4.09, spending $409,000 and boosting his direct holdings to 1,718,323 shares.
- The purchase increased Pei’s ownership by 6.18%, and it follows a string of recent insider buys totaling hundreds of thousands of additional shares in early June and mid-May.
- Comstock’s stock was down 0.5% in the session, while the company continues to report weak earnings and negative profitability, including a recent quarterly EPS of -$0.14 and a negative net margin.
Comstock Inc. (NYSEAMERICAN:LODE - Get Free Report) Director Steven Yu-Tsung Pei acquired 100,000 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $4.09 per share, for a total transaction of $409,000.00. Following the purchase, the director directly owned 1,718,323 shares of the company's stock, valued at approximately $7,027,941.07. This trade represents a 6.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 stock was bought at an average price of $4.10 per share, with a total value of $615,000.00.
- On Wednesday, June 3rd, Steven Yu-Tsung Pei purchased 180,000 shares of Comstock stock. The stock was bought at an average price of $3.93 per share, with a total value 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 price of $4.10 per share, with a total value 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 price of $4.14 per share, with a total value of $108,372.78.
- On Thursday, May 14th, Steven Yu-Tsung Pei purchased 79,559 shares of Comstock stock. The stock was bought at an average price of $3.42 per share, with a total value of $272,091.78.
- On Wednesday, May 13th, Steven Yu-Tsung Pei purchased 345,000 shares of Comstock stock. The stock was bought at an average price of $3.38 per share, with a total value of $1,166,100.00.
Comstock Stock Down 0.5%
Shares of NYSEAMERICAN:LODE opened at $4.08 on Tuesday. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $3.53 and a 200 day simple moving average of $3.43. The firm has a market cap of $309.71 million, a PE ratio of -4.25 and a beta of 1.37. Comstock Inc. has a 12-month low of $2.24 and a 12-month high of $4.80.
Comstock (NYSEAMERICAN:LODE - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $0.31 million during the quarter. Comstock had a negative return on equity of 32.51% and a negative net margin of 4,011.56%. On average, equities research analysts anticipate that Comstock Inc. will post -0.41 EPS for the current fiscal year.
Institutional Trading of Comstock
A number of hedge funds and other institutional investors have recently made changes to their positions in LODE. Geode Capital Management LLC increased its stake in shares of Comstock by 23.7% in the second quarter. Geode Capital Management LLC now owns 277,099 shares of the company's stock worth $1,050,000 after buying an additional 53,111 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Comstock in the second quarter worth $163,000. Vanguard Group Inc. increased its stake in shares of Comstock by 90.0% in the third quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company's stock worth $7,290,000 after buying an additional 1,009,539 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Comstock by 86.2% in the third quarter. Dimensional Fund Advisors LP now owns 87,482 shares of the company's stock worth $300,000 after buying an additional 40,502 shares during the last quarter. Finally, Regal Partners Ltd bought a new stake in shares of Comstock in the third quarter worth $3,954,000. 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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