Comstock (NYSEAMERICAN:LODE) Director Robert Spence Acquires 24,410 Shares of Stock

Comstock Inc. (NYSEAMERICAN:LODEGet Free Report) Director Robert Spence acquired 24,410 shares of Comstock stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average cost of $3.97 per share, with a total value of $96,907.70. Following the acquisition, the director directly owned 32,403 shares of the company’s stock, valued at approximately $128,639.91. This trade represents a 305.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Comstock Stock Performance

LODE stock opened at $3.92 on Thursday. The company has a market capitalization of $297.57 million, a P/E ratio of -4.08 and a beta of 1.37. The company has a 50-day simple moving average of $3.38 and a 200 day simple moving average of $3.39. Comstock Inc. has a fifty-two week low of $2.24 and a fifty-two week 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:LODEGet Free Report) last posted 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 during the quarter. Comstock had a negative return on equity of 32.51% and a negative net margin of 4,011.56%. Sell-side analysts predict that Comstock Inc. will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Comstock

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its position in Comstock by 133.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,000 shares of the company’s stock worth $26,000 after acquiring an additional 4,000 shares in the last quarter. Wealth Effects LLC bought a new stake in Comstock in the first quarter worth about $34,000. Jefferies Financial Group Inc. bought a new stake in Comstock in the fourth quarter worth about $39,000. Virtu Financial LLC bought a new stake in Comstock in the third quarter worth about $44,000. Finally, MML Investors Services LLC bought a new stake in Comstock in the fourth quarter worth about $45,000. 7.96% of the stock is currently owned by institutional investors.

About Comstock

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Comstock (NYSEAMERICAN:LODE)

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