Lightbridge Target of Unusually Large Options Trading (NASDAQ:LTBR)

Lightbridge Co. (NASDAQ:LTBR - Get Free Report) saw unusually large options trading on Wednesday. Stock traders bought 7,601 call options on the stock. This represents an increase of 154% compared to the average volume of 2,992 call options.

Insiders Place Their Bets

In related news, CFO Larry Goldman sold 20,863 shares of the business'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 value of $146,041.00. Following the completion of the transaction, the chief financial officer now owns 184,456 shares of the company's stock, valued at $1,291,192. The trade was a 10.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrey Mushakov sold 45,070 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $8.97, for a total value of $404,277.90. Following the sale, the executive vice president now directly owns 189,893 shares in the company, valued at $1,703,340.21. This trade represents a 19.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,943 shares of company stock worth $1,271,668 in the last ninety days. 6.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. State Street Corp grew its holdings in 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 purchasing an additional 6,000 shares during the last quarter. Verition Fund Management LLC purchased a new position in Lightbridge during the 3rd quarter worth $288,000. Virtu Financial LLC increased its position in Lightbridge by 118.8% during the 3rd quarter. Virtu Financial LLC now owns 27,905 shares of the energy company's stock valued at $78,000 after buying an additional 15,150 shares in the last quarter. XTX Topco Ltd purchased a new stake in Lightbridge in the third quarter valued at about $34,000. Finally, Evanson Asset Management LLC acquired a new stake in Lightbridge in the fourth quarter worth about $47,000. Institutional investors own 9.14% of the company's stock.

Lightbridge Price Performance

LTBR traded down $1.63 on Friday, hitting $13.56. The company had a trading volume of 4,880,917 shares, compared to its average volume of 3,218,894. The stock has a fifty day moving average price of $6.96 and a 200-day moving average price of $5.39. Lightbridge has a 12-month low of $2.21 and a 12-month high of $16.90.

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.