Insider Buying: Comstock (NYSEAMERICAN:LODE) Director Acquires $28,770.00 in Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Leo Drozdoff purchased 7,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average cost of $4.11 per share, with a total value of $28,770.00. Following the completion of the purchase, the director directly owned 193,474 shares in the company, valued at approximately $795,178.14. This represents a 3.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Comstock Stock Down 9.9%

LODE opened at $3.93 on Friday. Comstock Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.80. The business has a 50-day moving average of $3.43 and a 200-day moving average of $3.40. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.51 and a quick ratio of 4.51. The company has a market capitalization of $298.33 million, a PE ratio of -4.09 and a beta of 1.37.

Comstock (NYSEAMERICAN:LODE) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter. Comstock had a negative return on equity of 32.51% and a negative net margin of 4,011.56%.The firm had revenue of $0.31 million for the quarter. Equities research analysts forecast that Comstock Inc. will post -0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its stake in shares of Comstock by 133.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock valued at $26,000 after acquiring an additional 4,000 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Comstock in the 4th quarter valued at approximately $39,000. Wealth Effects LLC bought a new position in shares of Comstock in the 1st quarter valued at approximately $34,000. MML Investors Services LLC bought a new position in shares of Comstock in the 4th quarter valued at approximately $45,000. Finally, Virtu Financial LLC bought a new position in shares of Comstock in the 3rd quarter valued at approximately $44,000. 7.96% of the stock is 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.