Lightbridge (NASDAQ:LTBR) Shares Pass Above 200 Day Moving Average - Here's What Happened

Lightbridge Co. (NASDAQ:LTBR - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.81 and traded as high as $9.40. Lightbridge shares last traded at $8.44, with a volume of 1,422,421 shares trading hands.

Lightbridge Trading Down 7.0 %

The firm has a fifty day moving average of $9.66 and a two-hundred day moving average of $6.89. The company has a market cap of $150.16 million, a PE ratio of -9.59 and a beta of 2.21.

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

Insider Buying and Selling at Lightbridge

In other Lightbridge news, CFO Larry Goldman sold 3,707 shares of Lightbridge stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $7.03, for a total transaction of $26,060.21. Following the completion of the transaction, the chief financial officer now owns 197,737 shares of the company's stock, valued at $1,390,091.11. The trade was a 1.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrey Mushakov sold 30,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $14.58, for a total transaction of $437,400.00. Following the completion of the sale, the executive vice president now directly owns 159,893 shares in the company, valued at approximately $2,331,239.94. The trade was a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,943 shares of company stock valued at $1,271,668 in the last 90 days. 6.50% of the stock is currently owned by company insiders.

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Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LTBR. Capital Market Strategies LLC boosted its stake in Lightbridge by 42.5% during the fourth quarter. Capital Market Strategies LLC now owns 19,950 shares of the energy company's stock valued at $94,000 after buying an additional 5,950 shares during the period. State Street Corp boosted its position in shares of Lightbridge by 18.4% during the 3rd 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 during the last quarter. Geode Capital Management LLC grew its holdings in shares of Lightbridge by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company's stock worth $813,000 after purchasing an additional 6,830 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Lightbridge in the fourth quarter worth approximately $38,000. Finally, Evanson Asset Management LLC purchased a new stake in Lightbridge in the fourth quarter valued at approximately $47,000. 9.14% of the stock is owned by institutional investors.

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.