Leo Drozdoff Purchases 7,000 Shares of Comstock (NYSEAMERICAN:LODE) Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Leo Drozdoff acquired 7,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average cost of $4.11 per share, for a total transaction of $28,770.00. Following the acquisition, the director owned 193,474 shares of the company’s stock, valued at approximately $795,178.14. The trade was a 3.75% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Comstock Stock Performance

Shares of LODE stock opened at $4.36 on Friday. The stock’s 50-day moving average is $3.41 and its two-hundred day moving average is $3.40. The firm has a market cap of $330.97 million, a price-to-earnings ratio of -4.54 and a beta of 1.37. Comstock Inc. has a 1 year low of $2.24 and a 1 year high of $4.80. 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 (NYSEAMERICAN:LODE) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $0.31 million for the quarter. Comstock had a negative return on equity of 32.51% and a negative net margin of 4,011.56%. Analysts predict that Comstock Inc. will post -0.41 earnings per share for the current year.

Hedge Funds Weigh In On Comstock

Several hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its stake in shares of Comstock by 133.3% during 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 period. Wealth Effects LLC acquired a new stake in shares of Comstock during the first quarter worth about $34,000. Jefferies Financial Group Inc. acquired a new stake in shares of Comstock during the fourth quarter worth about $39,000. Virtu Financial LLC acquired a new stake in shares of Comstock during the third quarter worth about $44,000. Finally, MML Investors Services LLC acquired a new stake in shares of Comstock during the fourth quarter worth about $45,000. 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.