Comstock (NYSEAMERICAN:LODE) Director Purchases $96,907.70 in Stock

Comstock Inc. (NYSEAMERICAN:LODE) Director Robert Spence acquired 24,410 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average cost of $3.97 per share, for a total transaction of $96,907.70. Following the purchase, the director owned 32,403 shares of the company’s stock, valued at approximately $128,639.91. The trade was a 305.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Comstock Stock Down 9.9%

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 cap of $298.33 million, a P/E ratio of -4.09 and a beta of 1.37. Comstock Inc. has a 52 week low of $2.24 and a 52 week high of $4.80. The business’s fifty day simple moving average is $3.43 and its 200 day simple moving average is $3.40.

Comstock (NYSEAMERICAN:LODE) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) EPS 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%. As a group, equities research analysts anticipate that Comstock Inc. will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Comstock

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Flax Pond Capital LLC grew its position 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 valued at $2,592,000 after purchasing an additional 155,763 shares during the period. Bank of America Corp DE grew its position in shares of Comstock by 180.1% in the first quarter. Bank of America Corp DE now owns 80,736 shares of the company’s stock valued at $246,000 after purchasing an additional 51,907 shares during the period. Regal Partners Ltd purchased a new stake in shares of Comstock in the first quarter valued at $549,000. Sei Investments Co. grew its position 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 valued at $5,188,000 after purchasing an additional 1,260,259 shares during the period. Finally, DLD Asset Management LP purchased a new stake in shares of Comstock in the first quarter valued at $534,000. Hedge funds and other institutional investors own 7.96% of the company’s stock.

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.