Lightbridge (NASDAQ:LTBR) Share Price Crosses Above 200 Day Moving Average of $2.91

Lightbridge Co. (NASDAQ:LTBR) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.91 and traded as high as $4.48. Lightbridge shares last traded at $4.03, with a volume of 2,749,899 shares changing hands.

Lightbridge Trading Up 24.8 %

The company has a market cap of $58.15 million, a P/E ratio of -5.93 and a beta of 2.42. The business’s 50 day simple moving average is $2.62 and its 200 day simple moving average is $2.91.

Lightbridge (NASDAQ:LTBR) last posted its quarterly earnings results on Thursday, May 9th. The energy company reported ($0.21) earnings per share for the quarter.

Hedge Funds Weigh In On Lightbridge

A hedge fund recently bought a new stake in Lightbridge stock. Founders Financial Securities LLC bought a new stake in shares of Lightbridge Co. (NASDAQ:LTBR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,000 shares of the energy company’s stock, valued at approximately $44,000. Founders Financial Securities LLC owned 0.11% of Lightbridge as of its most recent filing with the Securities and Exchange Commission. 9.14% of the stock is owned by institutional investors and hedge funds.

Lightbridge Company Profile

Lightbridge Corporation, together with its subsidiaries, engages in developing nuclear fuel technology. It develops and commercializes metallic nuclear fuels. The company was formerly known as Thorium Power, Ltd. and changed its name to Lightbridge Corporation in September 2009. Lightbridge Corporation is headquartered in Reston, Virginia.