Steven Yu-Tsung Pei Purchases 345,000 Shares of Comstock (NYSEAMERICAN:LODE) Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei bought 345,000 shares of Comstock stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $3.38 per share, for a total transaction of $1,166,100.00. Following the purchase, the director owned 1,451,421 shares of the company’s stock, valued at $4,905,802.98. The trade was a 31.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, May 14th, Steven Yu-Tsung Pei acquired 79,559 shares of Comstock stock. The shares were bought at an average cost of $3.42 per share, for a total transaction of $272,091.78.

Comstock Stock Up 5.1%

NYSEAMERICAN LODE opened at $3.49 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.51 and a quick ratio of 2.06. The stock has a market capitalization of $264.93 million, a PE ratio of -3.64 and a beta of 1.31. Comstock Inc. has a 1 year low of $2.24 and a 1 year high of $4.80. The business’s 50-day moving average is $3.16 and its 200 day moving average is $3.29.

Comstock (NYSEAMERICAN:LODE) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) EPS for the quarter. Comstock had a negative return on equity of 32.51% and a negative net margin of 4,011.56%.The company had revenue of $0.31 million during the quarter. Sell-side analysts forecast that Comstock Inc. will post -0.38 earnings per share for the current year.

Institutional Investors Weigh In On Comstock

A number of hedge funds have recently added to or reduced their stakes in LODE. Rockefeller Capital Management L.P. raised its stake in Comstock by 133.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock valued at $26,000 after buying an additional 4,000 shares during the last quarter. Wealth Effects LLC bought a new stake in shares of Comstock during the 1st quarter valued at $34,000. Jefferies Financial Group Inc. bought a new stake in shares of Comstock during the 4th quarter valued at $39,000. Virtu Financial LLC bought a new position in Comstock in the 3rd quarter worth $44,000. Finally, MML Investors Services LLC bought a new position in Comstock in the 4th quarter worth $45,000. 7.96% of the stock is currently owned by hedge funds and other institutional investors.

Comstock Company 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.