Comstock Inc. (NYSEAMERICAN:LODE – Get Free Report) Director Steven Yu-Tsung Pei bought 180,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average cost of $3.93 per share, for a total transaction of $707,400.00. Following the completion of the purchase, the director directly owned 1,890,980 shares of the company’s stock, valued at $7,431,551.40. This represents a 10.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Steven Yu-Tsung Pei also recently made the following trade(s):
- On Tuesday, June 2nd, Steven Yu-Tsung Pei bought 153,823 shares of Comstock stock. The stock was bought at an average cost of $4.10 per share, for a total transaction of $630,674.30.
- On Monday, June 1st, Steven Yu-Tsung Pei bought 26,177 shares of Comstock stock. The stock was bought at an average cost of $4.14 per share, for a total transaction of $108,372.78.
- On Thursday, May 14th, Steven Yu-Tsung Pei bought 79,559 shares of Comstock stock. The stock was bought at an average cost of $3.42 per share, for a total transaction of $272,091.78.
- On Wednesday, May 13th, Steven Yu-Tsung Pei bought 345,000 shares of Comstock stock. The stock was bought at an average cost of $3.38 per share, for a total transaction of $1,166,100.00.
Comstock Trading Down 9.9%
Shares of LODE opened at $3.93 on Friday. The firm’s 50 day simple moving average is $3.43 and its 200 day simple moving average is $3.40. The company has a market capitalization of $298.33 million, a P/E ratio of -4.09 and a beta of 1.37. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.51 and a quick ratio of 4.51. Comstock Inc. has a 1-year low of $2.24 and a 1-year high of $4.80.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Comstock by 90.0% in 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 last quarter. Sei Investments Co. grew its holdings in shares of 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 purchasing an additional 1,260,259 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Comstock in the third quarter worth approximately $4,104,000. Regal Partners Ltd bought a new position in shares of Comstock in the third quarter worth approximately $3,954,000. Finally, Flax Pond Capital LLC grew its holdings in shares of Comstock by 22.4% in the first quarter. Flax Pond Capital LLC now owns 849,788 shares of the company’s stock worth $2,592,000 after purchasing an additional 155,763 shares during the last quarter. 7.96% of the stock is currently owned by institutional investors.
Comstock Company Profile
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.
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