Robert Spence Purchases 24,410 Shares of Comstock (NYSEAMERICAN:LODE) Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Robert Spence acquired 24,410 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average cost of $3.97 per share, for a total transaction of $96,907.70. Following the completion of the acquisition, the director owned 32,403 shares in the company, valued at $128,639.91. This represents a 305.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Comstock Stock Performance

Shares of NYSEAMERICAN LODE opened at $4.36 on Friday. The stock has a market cap of $330.97 million, a price-to-earnings ratio of -4.54 and a beta of 1.37. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 0.08. Comstock Inc. has a 1-year low of $2.24 and a 1-year high of $4.80. The stock’s 50-day moving average is $3.41 and its 200 day moving average is $3.40.

Comstock (NYSEAMERICAN:LODE) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter. The company 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%. On average, sell-side analysts anticipate that Comstock Inc. will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Comstock

Several hedge funds have recently made changes to their positions in LODE. Rockefeller Capital Management L.P. boosted its position 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 valued at $26,000 after purchasing an additional 4,000 shares in the last quarter. Wealth Effects LLC bought a new stake in Comstock in the first quarter worth $34,000. Jefferies Financial Group Inc. bought a new stake in Comstock in the fourth quarter worth $39,000. Virtu Financial LLC bought a new stake in Comstock in the third quarter worth $44,000. Finally, MML Investors Services LLC bought a new stake in Comstock in the fourth quarter worth $45,000. 7.96% of the stock is currently owned by institutional investors.

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.