Comstock (NYSEAMERICAN:LODE) CEO Corrado Degasperis Buys 10,682 Shares of Stock

Comstock Inc. (NYSEAMERICAN:LODE) CEO Corrado Degasperis bought 10,682 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was bought at an average price of $3.98 per share, for a total transaction of $42,514.36. Following the completion of the purchase, the chief executive officer owned 181,500 shares of the company’s stock, valued at approximately $722,370. The trade was a 6.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Corrado Degasperis also recently made the following trade(s):

• On Tuesday, May 12th, Corrado Degasperis bought 35,000 shares of Comstock stock. The stock was bought at an average price of $2.89 per share, for a total transaction of $101,150.00.

Comstock Stock Down 5.5%

LODE opened at $3.92 on Thursday. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.08. The stock has a market cap of $297.57 million, a price-to-earnings ratio of -4.08 and a beta of 1.37. Comstock Inc. has a twelve month low of $2.24 and a twelve month high of $4.80. The company’s 50-day moving average price is $3.38 and its two-hundred day moving average price is $3.39.

Comstock (NYSEAMERICAN:LODE) last released its earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter. The company 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%. As a group, equities analysts expect that Comstock Inc. will post -0.41 earnings per share for the current year.

Institutional Trading of Comstock

A number of institutional investors have recently modified their holdings of the business. 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 valued at $26,000 after buying an additional 4,000 shares in the last quarter. Marathon Capital Management lifted its stake in shares of Comstock by 48.1% during the 3rd quarter. Marathon Capital Management now owns 20,000 shares of the company’s stock valued at $68,000 after buying an additional 6,500 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Comstock during the 4th quarter valued at approximately $39,000. Wealth Effects LLC purchased a new stake in shares of Comstock during the 1st quarter valued at approximately $34,000. Finally, MML Investors Services LLC purchased a new stake in shares of Comstock during the 4th quarter valued at approximately $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.