Lightbridge Co. (NASDAQ:LTBR - Get Free Report) EVP Andrey Mushakov sold 45,070 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 189,893 shares of the company's stock, valued at approximately $1,703,340.21. This represents a 19.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Lightbridge Stock Performance
Shares of Lightbridge stock traded down $2.13 during trading on Friday, reaching $8.03. The company's stock had a trading volume of 7,157,285 shares, compared to its average volume of 2,458,615. The business's fifty day moving average price is $5.64 and its 200-day moving average price is $4.60. Lightbridge Co. has a one year low of $2.21 and a one year high of $14.20. The firm has a market cap of $126.63 million, a price-to-earnings ratio of -10.71 and a beta of 2.19.
Lightbridge (NASDAQ:LTBR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported ($0.19) earnings per share for the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in Lightbridge during the third quarter worth about $34,000. Capital Market Strategies LLC acquired a new stake in shares of Lightbridge during the 3rd quarter worth approximately $39,000. Evanson Asset Management LLC bought a new stake in shares of Lightbridge during the fourth quarter valued at approximately $47,000. Virtu Financial LLC raised its stake in shares of Lightbridge by 118.8% in the third quarter. Virtu Financial LLC now owns 27,905 shares of the energy company's stock valued at $78,000 after purchasing an additional 15,150 shares in the last quarter. Finally, State Street Corp lifted its position in 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 purchasing an additional 6,000 shares during the period. Institutional investors own 9.14% of the company's stock.
About Lightbridge
(
Get Free Report)
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.
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