Comstock (NYSEAMERICAN:LODE) Director Acquires $409,000.00 in Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei acquired 100,000 shares of Comstock stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $4.09 per share, with a total value of $409,000.00. Following the transaction, the director owned 1,718,323 shares of the company’s stock, valued at $7,027,941.07. The trade was a 6.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, June 12th, Steven Yu-Tsung Pei acquired 150,000 shares of Comstock stock. The shares were purchased 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 acquired 180,000 shares of Comstock stock. The shares were purchased 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 acquired 153,823 shares of Comstock stock. The shares were purchased 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 acquired 26,177 shares of Comstock stock. The shares were purchased 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 acquired 79,559 shares of Comstock stock. The shares were purchased 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 acquired 345,000 shares of Comstock stock. The shares were purchased at an average price of $3.38 per share, with a total value of $1,166,100.00.

Comstock Stock Up 8.6%

Comstock stock opened at $4.68 on Thursday. The stock has a market cap of $355.26 million, a PE ratio of -4.87 and a beta of 1.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.51 and a current ratio of 4.51. Comstock Inc. has a one year low of $2.24 and a one year high of $4.96. The stock has a fifty day moving average of $3.57 and a 200 day moving average of $3.44.

Comstock (NYSEAMERICAN:LODE) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $0.31 million for the quarter. Comstock had a negative net margin of 4,011.56% and a negative return on equity of 32.51%. As a group, sell-side analysts predict that Comstock Inc. will post -0.41 EPS for the current year.

Institutional Trading of Comstock

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Regal Partners Ltd purchased a new stake in Comstock in the third quarter worth about $3,954,000. 683 Capital Management LLC purchased a new stake in Comstock in the fourth quarter worth about $1,039,000. Apis Capital Advisors LLC increased its position in Comstock by 48.2% in the third quarter. Apis Capital Advisors LLC now owns 504,000 shares of the company’s stock worth $1,724,000 after buying an additional 164,000 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in Comstock in the fourth quarter worth about $39,000. Finally, Marathon Capital Management increased its position in Comstock by 48.1% in the third quarter. Marathon Capital Management now owns 20,000 shares of the company’s stock worth $68,000 after buying an additional 6,500 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.