RTTNews | Aug 17, 2020 10:34AM EDT

10:33 Monday, August 17, 2020 (RTTNews.com) - Comstock Mining Inc. (LODE) shares are surging after the company reported a swing to profit in the second quarter on investment gains and lower costs, from loss last year.

LODE is currently at $1.62, up 105.52 percent from the previous close of $0.79. The stock has traded in a range of $0.23 to $1.80 on average volume of 587,449, for the 52 week period.

The company reported net profit of $1.3 million or $0.05 per share, compared to net loss of $2.1 million or $0.13 in the prior year.

The gold and silver mining company expects that the transaction with Tonogold for the acquisition of Lucerne entity will be consummated in the next few weeks.

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