Lightbridge (NASDAQ:LTBR) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Lightbridge Co. (NASDAQ:LTBR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.31 and traded as high as $9.27. Lightbridge shares last traded at $7.87, with a volume of 2,748,068 shares trading hands.

Lightbridge Stock Up 14.6 %

The company's 50 day moving average price is $8.97 and its two-hundred day moving average price is $6.37. The stock has a market cap of $190.35 million, a P/E ratio of -12.47 and a beta of 2.21.

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

Insiders Place Their Bets

In other news, CFO Larry Goldman sold 18,303 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $14.09, for a total transaction of $257,889.27. Following the sale, the chief financial officer now directly owns 150,900 shares of the company's stock, valued at $2,126,181. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrey Mushakov sold 45,070 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were 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 directly owns 189,893 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 117,943 shares of company stock valued at $1,271,668. 6.50% of the stock is currently owned by insiders.

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Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Private Advisor Group LLC acquired a new position in shares of Lightbridge in the fourth quarter worth about $627,000. State Street Corp raised 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 during the period. Verition Fund Management LLC acquired a new position in shares of Lightbridge in the third quarter worth about $288,000. Virtu Financial LLC raised its position 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 worth $78,000 after acquiring an additional 15,150 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Lightbridge in the third quarter worth about $34,000. 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.