Comstock (NYSEAMERICAN:LODE) CEO Purchases $42,514.36 in Stock

Comstock Inc. (NYSEAMERICAN:LODE) CEO Corrado Degasperis purchased 10,682 shares of Comstock stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average price of $3.98 per share, with a total value of $42,514.36. Following the transaction, the chief executive officer owned 181,500 shares of the company’s stock, valued at $722,370. This trade represents a 6.25% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Corrado Degasperis also recently made the following trade(s):

• On Tuesday, May 12th, Corrado Degasperis purchased 35,000 shares of Comstock stock. The shares were bought at an average price of $2.89 per share, with a total value of $101,150.00.

Comstock Price Performance

Shares of NYSEAMERICAN:LODE opened at $3.93 on Friday. 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 firm has a market capitalization of $298.33 million, a PE ratio of -4.09 and a beta of 1.37. Comstock Inc. has a twelve month low of $2.24 and a twelve month high of $4.80. The company has a 50-day moving average price of $3.43 and a two-hundred day moving average price of $3.40.

Comstock (NYSEAMERICAN:LODE) last issued its earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter. The business 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%. Equities analysts forecast that Comstock Inc. will post -0.41 EPS for the current year.

Hedge Funds Weigh In On Comstock

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LODE. Geode Capital Management LLC boosted its position in Comstock by 23.7% during the second 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 bought a new position in Comstock during the second quarter worth about $163,000. Savvy Advisors Inc. boosted its position in Comstock by 13.7% during the third quarter. Savvy Advisors Inc. now owns 462,280 shares of the company’s stock worth $1,581,000 after purchasing an additional 55,600 shares during the period. Vanguard Group Inc. boosted its position in Comstock by 90.0% during the third quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company’s stock worth $7,290,000 after purchasing an additional 1,009,539 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Comstock by 86.2% during the third quarter. Dimensional Fund Advisors LP now owns 87,482 shares of the company’s stock worth $300,000 after purchasing an additional 40,502 shares during the period. 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.