Lightbridge (NASDAQ:LTBR) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Lightbridge Co. (NASDAQ:LTBR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.48 and traded as high as $7.97. Lightbridge shares last traded at $7.96, with a volume of 821,417 shares changing hands.

Lightbridge Price Performance

The company has a 50-day moving average of $8.93 and a 200 day moving average of $7.48. The company has a market cap of $166.24 million, a PE ratio of -10.61 and a beta of 2.12.

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

Insider Buying and Selling at Lightbridge

In related news, EVP Andrey Mushakov sold 45,070 shares of Lightbridge stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $8.97, for a total value of $404,277.90. Following the completion of the sale, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Larry Goldman sold 18,303 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $14.09, for a total transaction of $257,889.27. Following the transaction, the chief financial officer now owns 150,900 shares in the company, valued at approximately $2,126,181. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,373 shares of company stock valued at $1,099,567 in the last ninety days. Corporate insiders own 6.50% of the company's stock.

Hedge Funds Weigh In On Lightbridge

Several institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new stake in Lightbridge during the fourth quarter worth $38,000. Evanson Asset Management LLC bought a new stake in Lightbridge during the fourth quarter valued at about $47,000. OLD National Bancorp IN bought a new stake in Lightbridge during the first quarter valued at about $82,000. Squarepoint Ops LLC purchased a new position in Lightbridge in the fourth quarter valued at about $55,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Lightbridge in the fourth quarter worth about $56,000. 9.14% of the stock is owned by hedge funds and other institutional investors.

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.

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