Lightbridge (NASDAQ:LTBR) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Shares of Lightbridge Co. (NASDAQ:LTBR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.29 and traded as high as $8.44. Lightbridge shares last traded at $7.60, with a volume of 1,055,138 shares changing hands.

Lightbridge Stock Performance

The stock has a 50 day moving average price of $9.29 and a 200 day moving average price of $7.35. The company has a market cap of $156.14 million, a P/E ratio of -9.97 and a beta of 2.12.

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

Insider Buying and Selling

In other Lightbridge news, EVP Andrey Mushakov sold 30,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $14.58, for a total value of $437,400.00. Following the completion of the transaction, the executive vice president now directly owns 159,893 shares in the company, valued at $2,331,239.94. This trade represents a 15.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Larry Goldman sold 20,863 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $7.00, for a total transaction of $146,041.00. Following the completion of the sale, the chief financial officer now owns 184,456 shares of the company's stock, valued at approximately $1,291,192. This trade represents a 10.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,236 shares of company stock worth $1,245,608 in the last three months. 6.50% of the stock is currently owned by insiders.

Institutional Trading of Lightbridge

Several large investors have recently added to or reduced their stakes in LTBR. Capital Market Strategies LLC increased its holdings in shares of Lightbridge by 42.5% in the 4th quarter. Capital Market Strategies LLC now owns 19,950 shares of the energy company's stock valued at $94,000 after purchasing an additional 5,950 shares during the period. State Street Corp raised its position in Lightbridge by 18.4% during the third quarter. State Street Corp now owns 38,579 shares of the energy company's stock valued at $108,000 after acquiring an additional 6,000 shares in the last quarter. Geode Capital Management LLC grew its position in Lightbridge by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company's stock worth $813,000 after acquiring an additional 6,830 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Lightbridge in the fourth quarter worth approximately $38,000. Finally, Evanson Asset Management LLC acquired a new stake in shares of Lightbridge in the 4th quarter valued at $47,000. 9.14% of the stock is owned by institutional investors and hedge funds.

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.