Comstock (NYSEAMERICAN:LODE) Director Leo Drozdoff Acquires 7,000 Shares

Comstock Inc. (NYSEAMERICAN:LODE) Director Leo Drozdoff purchased 7,000 shares of Comstock stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $4.11 per share, with a total value of $28,770.00. Following the completion of the purchase, the director directly owned 193,474 shares of the company’s stock, valued at approximately $795,178.14. This trade represents a 3.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Comstock Stock Performance

Shares of LODE stock opened at $3.92 on Thursday. The company has a 50 day moving average price of $3.38 and a 200-day moving average price of $3.39. Comstock Inc. has a 52 week low of $2.24 and a 52 week high of $4.80. The firm has a market capitalization of $297.57 million, a PE ratio of -4.08 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.

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

Hedge Funds Weigh In On Comstock

Institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. boosted its holdings in shares of Comstock by 133.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock worth $26,000 after buying an additional 4,000 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Comstock in the fourth quarter worth approximately $39,000. Wealth Effects LLC purchased a new position in shares of Comstock in the first quarter worth approximately $34,000. MML Investors Services LLC purchased a new position in shares of Comstock in the fourth quarter worth approximately $45,000. Finally, Virtu Financial LLC purchased a new position in shares of Comstock in the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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.