Insider Selling: Lightbridge Co. (NASDAQ:LTBR) EVP Sells 30,000 Shares of Stock

Lightbridge Co. (NASDAQ:LTBR - Get Free Report) EVP Andrey Mushakov sold 30,000 shares of Lightbridge stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $14.58, for a total transaction of $437,400.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Andrey Mushakov also recently made the following trade(s):

• On Thursday, January 23rd, Andrey Mushakov sold 45,070 shares of Lightbridge stock. The stock was sold at an average price of $8.97, for a total value of $404,277.90.

Lightbridge Stock Down 1.2 %

Shares of LTBR traded down $0.17 during midday trading on Tuesday, reaching $13.40. 2,071,164 shares of the stock were exchanged, compared to its average volume of 3,507,737. Lightbridge Co. has a twelve month low of $2.21 and a twelve month high of $16.90. The company has a market cap of $211.24 million, a P/E ratio of -17.86 and a beta of 2.26. The stock's 50 day simple moving average is $7.13 and its 200 day simple moving average is $5.48.

Institutional Investors Weigh In On Lightbridge

Hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of Lightbridge during the third quarter worth $34,000. NewEdge Advisors LLC acquired a new position in Lightbridge in the fourth quarter valued at about $38,000. Evanson Asset Management LLC acquired a new position in Lightbridge in the fourth quarter valued at about $47,000. Squarepoint Ops LLC acquired a new position in Lightbridge in the fourth quarter valued at about $55,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Lightbridge in the fourth quarter valued at about $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.