Steven Yu-Tsung Pei Acquires 150,000 Shares of Comstock (NYSEAMERICAN:LODE) Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei acquired 150,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average cost of $4.10 per share, for a total transaction of $615,000.00. Following the completion of the acquisition, the director directly owned 1,868,323 shares in the company, valued at approximately $7,660,124.30. This represents a 8.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, June 11th, Steven Yu-Tsung Pei acquired 100,000 shares of Comstock stock. The shares were purchased at an average cost of $4.09 per share, for a total transaction of $409,000.00.
• On Wednesday, June 3rd, Steven Yu-Tsung Pei purchased 180,000 shares of Comstock stock. The shares were bought at an average price of $3.93 per share, for a total transaction of $707,400.00.
• On Tuesday, June 2nd, Steven Yu-Tsung Pei purchased 153,823 shares of Comstock stock. The shares were bought at an average price of $4.10 per share, for a total transaction of $630,674.30.
• On Monday, June 1st, Steven Yu-Tsung Pei purchased 26,177 shares of Comstock stock. The shares were bought at an average price of $4.14 per share, for a total transaction of $108,372.78.
• On Thursday, May 14th, Steven Yu-Tsung Pei purchased 79,559 shares of Comstock stock. The shares were bought at an average price of $3.42 per share, for a total transaction of $272,091.78.
• On Wednesday, May 13th, Steven Yu-Tsung Pei purchased 345,000 shares of Comstock stock. The shares were bought at an average price of $3.38 per share, for a total transaction of $1,166,100.00.

Comstock Stock Performance

NYSEAMERICAN:LODE opened at $4.31 on Wednesday. The stock’s fifty day moving average is $3.54 and its 200 day moving average is $3.43. Comstock Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.80. The firm has a market capitalization of $327.17 million, a PE ratio of -4.49 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 (NYSEAMERICAN:LODE) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter. Comstock had a negative net margin of 4,011.56% and a negative return on equity of 32.51%. The company had revenue of $0.31 million for the quarter. On average, sell-side analysts anticipate that Comstock Inc. will post -0.41 earnings per share for the current year.

Institutional Trading of Comstock

Several hedge funds and other institutional investors have recently bought and sold shares of LODE. Geode Capital Management LLC raised its holdings in Comstock by 23.7% during the 2nd quarter. Geode Capital Management LLC now owns 277,099 shares of the company’s stock valued at $1,050,000 after buying an additional 53,111 shares during the period. XTX Topco Ltd purchased a new stake in Comstock during the 2nd quarter valued at $163,000. Vanguard Group Inc. grew its position in Comstock by 90.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company’s stock valued at $7,290,000 after acquiring an additional 1,009,539 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Comstock by 86.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 87,482 shares of the company’s stock valued at $300,000 after acquiring an additional 40,502 shares during the last quarter. Finally, Regal Partners Ltd bought a new position in Comstock in the 3rd quarter valued at $3,954,000. 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.