Lightbridge (NASDAQ:LTBR) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Lightbridge Co. (NASDAQ:LTBR)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.81 and traded as high as $9.40. Lightbridge shares last traded at $8.44, with a volume of 1,422,421 shares trading hands.

Lightbridge Price Performance

The stock’s 50 day moving average price is $9.53 and its two-hundred day moving average price is $6.81. The firm has a market capitalization of $176.27 million, a price-to-earnings ratio of -11.25 and a beta of 2.21.

Lightbridge (NASDAQ:LTBR) last released its earnings results on Wednesday, February 26th. The energy company reported ($0.24) earnings per share for the quarter.

Insider Activity at Lightbridge

In related news, CFO Larry Goldman sold 3,707 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $7.03, for a total transaction of $26,060.21. Following the completion of the transaction, the chief financial officer now directly owns 197,737 shares in the company, valued at $1,390,091.11. This represents a 1.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrey Mushakov sold 30,000 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $14.58, for a total transaction of $437,400.00. Following the completion of the sale, the executive vice president now directly owns 159,893 shares of the company’s stock, valued at approximately $2,331,239.94. This trade represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,943 shares of company stock worth $1,271,668 in the last 90 days. 6.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lightbridge

Several large investors have recently added to or reduced their stakes in LTBR. XTX Topco Ltd acquired a new stake in shares of Lightbridge during the 3rd quarter worth approximately $34,000. NewEdge Advisors LLC bought a new position in Lightbridge in the fourth quarter worth $38,000. Evanson Asset Management LLC bought a new position in Lightbridge in the fourth quarter worth $47,000. Squarepoint Ops LLC acquired a new stake in Lightbridge during the fourth quarter worth $55,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Lightbridge in the 4th quarter valued at $56,000. Institutional investors and hedge funds own 9.14% of the company’s stock.

About Lightbridge

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.