Steven Yu-Tsung Pei Acquires 100,000 Shares of Comstock (NYSEAMERICAN:LODE) Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Steven Yu-Tsung Pei acquired 100,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $4.09 per share, for a total transaction 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. This trade represents a 6.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 bought at an average price of $4.10 per share, for a total transaction of $615,000.00.
• On Wednesday, June 3rd, Steven Yu-Tsung Pei acquired 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 acquired 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 acquired 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 acquired 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 acquired 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 Up 5.6%

Shares of Comstock stock opened at $4.31 on Wednesday. The company has a market cap of $327.17 million, a price-to-earnings ratio of -4.49 and a beta of 1.37. The company’s 50 day moving average is $3.54 and its 200 day moving average is $3.43. Comstock Inc. has a twelve month low of $2.24 and a twelve month high of $4.80. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.08.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Regal Partners Ltd bought a new position in Comstock in the third quarter worth approximately $3,954,000. Apis Capital Advisors LLC raised 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 acquiring an additional 164,000 shares during the period. Marathon Capital Management raised 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 acquiring an additional 6,500 shares during the period. Aristides Capital LLC bought a new position in Comstock in the third quarter worth approximately $448,000. Finally, Sei Investments Co. raised its position in Comstock by 286.0% in the first quarter. Sei Investments Co. now owns 1,700,841 shares of the company’s stock worth $5,188,000 after acquiring an additional 1,260,259 shares during the period. 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.