Steven Pei, serving as a director at Comstock Inc. (NASDAQ:LODE), has expanded his indirect position in the firm through a series of deliberate equity acquisitions. According to disclosed transaction data, Pei purchased a combined total of 250,000 shares of Comstock common stock during the second half of June 2026. The aggregate value of these purchases reached $1,024,225, executed across two distinct dates.
The first tranche of 100,000 shares was acquired on June 11, 2026. The second tranche, consisting of 150,000 shares, followed on June 12, 2026. Both transactions were facilitated indirectly through Gratia Capital. The per-share acquisition prices for these purchases ranged between $4.0852 and $4.1047. These transactions were executed while the stock was exhibiting notable momentum, having climbed 82% from its 52-week low of $2.24 and delivering a 14% return over the preceding six-month period.
Following the initial acquisition on June 11, Pei’s indirect ownership was recorded at 1,718,323 shares. This figure required a reconciliation with data previously reported on June 3, 2026, which indicated an indirect holding of 1,890,980 shares. The adjustment accounted for 272,657 shares from that prior total where the reporting persons no longer retained any pecuniary interest. After the subsequent purchase on June 12, Pei’s total indirect stake in Comstock common stock stood at 1,868,323 shares.
In the broader context of corporate developments, Comstock Inc. recently reported its financial results for the first quarter of 2026. The report highlighted operational milestones and described the company's financial position as stable. Comstock achieved a cash balance of $53 million, supported by a successful equity financing round that raised $57.5 million. Despite this liquidity event, the company reported a net loss of $9.4 million, a figure consistent with the losses recorded in the prior year period.
Additionally, Comstock Inc. announced a change in its independent registered public accounting firm. This transition was necessitated by the acquisition of Assure CPA’s assets by Sadler, Gibb & Associates, LLC. Consequently, Assure CPA ceased operations as a public accounting firm and resigned from its role as Comstock’s auditor. Sadler Gibb will now assume responsibility for audit services, with the same engagement team expected to continue serving Comstock.
The stock currently trades near its Fair Value according to InvestingPro analysis, with 10 additional ProTips available to subscribers. Market data indicates the stock closed at $4.08, representing a decline of $0.02 or 0.49%. In after-hours trading, the stock rose to $4.21, up $0.130 or 3.19%.