Director Robert Spence purchases 24,410 shares of LODE at $3.97, raising stake 305.4% to 32,403 shares amid revenue decline
Robert Spence (Director) acquired 24,410 shares for $96,907.70 at $3.97 per share, expanding his holdings from 7,993 shares to 32,403 shares—a 305.4% increase in his position. This material accumulation occurs while Comstock Inc. faces significant operational headwinds: the company reported net income of $-9,383,417.00 for its latest full fiscal year and annual revenue growth of -48.5%, indicating sustained losses and contracting revenues. The stock has recovered +21.4% over 30 days and +18.1% over 90 days from a 52-week low of $2.24, though it remains -18.3% below its 52-week high of $4.80. The transaction merits scrutiny given the scale of the position increase relative to the company's unprofitable state.