Steven Yu-Tsung Pei Buys 180,000 Shares of Comstock (NYSEAMERICAN:LODE) Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei acquired 180,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average cost of $3.93 per share, with a total value of $707,400.00. Following the acquisition, the director owned 1,890,980 shares in the company, valued at $7,431,551.40. The trade was a 10.52% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, June 2nd, Steven Yu-Tsung Pei acquired 153,823 shares of Comstock stock. The shares were acquired at an average cost of $4.10 per share, for a total transaction of $630,674.30.
• On Monday, June 1st, Steven Yu-Tsung Pei acquired 26,177 shares of Comstock stock. The shares were acquired at an average cost of $4.14 per share, for a total transaction of $108,372.78.
• On Thursday, May 14th, Steven Yu-Tsung Pei bought 79,559 shares of Comstock stock. The shares were acquired 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 bought 345,000 shares of Comstock stock. The stock was acquired at an average price of $3.38 per share, with a total value of $1,166,100.00.

Comstock Stock Performance

NYSEAMERICAN LODE opened at $4.36 on Friday. The firm has a market cap of $330.97 million, a P/E ratio of -4.54 and a beta of 1.37. 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 company’s 50 day moving average is $3.41 and its 200-day moving average is $3.40. Comstock Inc. has a 12-month low of $2.24 and a 12-month high of $4.80.

Comstock (NYSEAMERICAN:LODE) last released its quarterly earnings data 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 business had revenue of $0.31 million during the quarter. Sell-side analysts predict that Comstock Inc. will post -0.41 earnings per share for the current year.

Institutional Trading of Comstock

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Comstock by 23.7% in the 2nd quarter. Geode Capital Management LLC now owns 277,099 shares of the company’s stock worth $1,050,000 after purchasing an additional 53,111 shares during the period. XTX Topco Ltd purchased a new stake in shares of Comstock in the second quarter worth about $163,000. Savvy Advisors Inc. lifted its holdings in shares of Comstock by 13.7% in the third quarter. Savvy Advisors Inc. now owns 462,280 shares of the company’s stock worth $1,581,000 after buying an additional 55,600 shares in the last quarter. Vanguard Group Inc. boosted its position 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 valued at $7,290,000 after acquiring an additional 1,009,539 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Comstock by 86.2% during the third quarter. Dimensional Fund Advisors LP now owns 87,482 shares of the company’s stock valued at $300,000 after acquiring an additional 40,502 shares in the last quarter. Hedge funds and other institutional investors own 7.96% of the company’s stock.

About Comstock

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.