Comstock (NYSEAMERICAN:LODE) CEO Corrado Degasperis Purchases 35,000 Shares of Stock

Comstock Inc. (NYSEAMERICAN:LODE – Get Free Report) CEO Corrado Degasperis purchased 35,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of $2.89 per share, for a total transaction of $101,150.00. Following the transaction, the chief executive officer directly owned 170,818 shares of the company’s stock, valued at $493,664.02. This represents a 25.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Comstock Stock Performance

NYSEAMERICAN LODE opened at $2.91 on Wednesday. The stock’s 50 day simple moving average is $3.15 and its 200-day simple moving average is $3.29. The company has a market cap of $220.90 million, a PE ratio of -3.03 and a beta of 1.31. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.51 and a quick ratio of 2.06. Comstock Inc. has a 1-year low of $2.24 and a 1-year high of $4.80.

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Comstock (NYSEAMERICAN:LODE – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) EPS for the quarter. Comstock had a negative return on equity of 32.51% and a negative net margin of 4,011.56%.The company had revenue of $0.31 million for the quarter. 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 institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Comstock by 23.7% during the 2nd quarter. Geode Capital Management LLC now owns 277,099 shares of the company’s stock worth $1,050,000 after purchasing an additional 53,111 shares in the last quarter. XTX Topco Ltd purchased a new stake in Comstock during the 2nd quarter worth about $163,000. GWN Securities Inc. purchased a new stake in Comstock during the 3rd quarter worth about $234,000. Savvy Advisors Inc. lifted its holdings in Comstock by 13.7% during the 3rd quarter. Savvy Advisors Inc. now owns 462,280 shares of the company’s stock worth $1,581,000 after buying an additional 55,600 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Comstock by 90.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,131,469 shares of the company’s stock worth $7,290,000 after buying an additional 1,009,539 shares during the last quarter. 7.96% of the stock is owned by institutional investors and hedge funds.

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.

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