Lightbridge Co. (NASDAQ:LTBR - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.80 and traded as high as $9.96. Lightbridge shares last traded at $9.05, with a volume of 4,972,477 shares changing hands.
Lightbridge Stock Up 3.0 %
The business has a 50-day moving average price of $5.98 and a two-hundred day moving average price of $4.90. The company has a market capitalization of $151.08 million, a price-to-earnings ratio of -12.77 and a beta of 2.25.
Insiders Place Their Bets
In other Lightbridge news, CFO Larry Goldman sold 20,863 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $7.00, for a total transaction of $146,041.00. Following the transaction, the chief financial officer now directly owns 184,456 shares in the company, valued at approximately $1,291,192. This trade represents a 10.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrey Mushakov sold 45,070 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,640 shares of company stock worth $576,379. Insiders own 7.00% of the company's stock.
Institutional Investors Weigh In On Lightbridge
Several institutional investors and hedge funds have recently added to or reduced their stakes in LTBR. Verition Fund Management LLC purchased a new position in Lightbridge in the third quarter worth $288,000. State Street Corp grew 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 buying an additional 6,000 shares during the period. XTX Topco Ltd purchased a new stake in Lightbridge during the third quarter worth about $34,000. Virtu Financial LLC increased its holdings in Lightbridge by 118.8% during the third quarter. Virtu Financial LLC now owns 27,905 shares of the energy company's stock worth $78,000 after buying an additional 15,150 shares during the last quarter. Finally, Capital Market Strategies LLC raised its position in Lightbridge by 42.5% in the fourth quarter. Capital Market Strategies LLC now owns 19,950 shares of the energy company's stock worth $94,000 after acquiring an additional 5,950 shares during the period. Hedge funds and other 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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