Lightbridge (NASDAQ:LTBR) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Lightbridge Co. (NASDAQ:LTBR)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.80 and traded as high as $9.96. Lightbridge shares last traded at $9.05, with a volume of 4,972,477 shares traded.

Lightbridge Price Performance

The company has a market capitalization of $142.72 million, a price-to-earnings ratio of -12.07 and a beta of 2.19. The business has a fifty day moving average price of $5.84 and a 200 day moving average price of $4.80.

Lightbridge (NASDAQ:LTBR) last released its quarterly earnings results on Thursday, October 31st. The energy company reported ($0.19) EPS for the quarter.

Insider Buying and Selling at Lightbridge

In other news, CFO Larry Goldman sold 3,707 shares of the firm’s stock in a transaction dated 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 owns 197,737 shares in the company, valued at approximately $1,390,091.11. This trade represents a 1.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Andrey Mushakov sold 45,070 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $8.97, for a total transaction of $404,277.90. Following the completion of the sale, the executive vice president now owns 189,893 shares in the company, valued at $1,703,340.21. The trade was a 19.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,640 shares of company stock valued at $576,379. 6.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lightbridge

Large investors have recently modified their holdings of the stock. Capital Market Strategies LLC purchased a new stake in shares of Lightbridge during the third quarter valued at $39,000. Verition Fund Management LLC acquired a new position in shares of Lightbridge in the third quarter worth about $288,000. State Street Corp increased its position in shares of Lightbridge by 18.4% in the third quarter. State Street Corp now owns 38,579 shares of the energy company’s stock worth $108,000 after acquiring an additional 6,000 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Lightbridge during the third quarter valued at approximately $34,000. Finally, Virtu Financial LLC lifted its position in shares of Lightbridge by 118.8% in the 3rd quarter. Virtu Financial LLC now owns 27,905 shares of the energy company’s stock valued at $78,000 after acquiring an additional 15,150 shares in the last quarter. 9.14% of the stock is owned by institutional investors.

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.