Lightbridge Co. (NASDAQ:LTBR - Get Free Report) was the recipient of some unusual options trading activity on Monday. Traders acquired 1,711 call options on the company. This is an increase of 463% compared to the average daily volume of 304 call options.
Institutional Investors Weigh In On Lightbridge
A hedge fund recently bought a new position in Lightbridge stock. Founders Financial Securities LLC purchased a new stake in shares of Lightbridge Co. (NASDAQ:LTBR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,000 shares of the energy company's stock, valued at approximately $44,000. Founders Financial Securities LLC owned 0.11% of Lightbridge as of its most recent filing with the SEC. 9.14% of the stock is owned by hedge funds and other institutional investors.
Lightbridge Trading Up 26.0 %
LTBR traded up $1.82 during trading hours on Monday, hitting $8.83. The company's stock had a trading volume of 12,285,737 shares, compared to its average volume of 263,877. The stock has a market cap of $128.92 million, a price-to-earnings ratio of -12.44 and a beta of 2.54. The business's 50-day moving average price is $2.98 and its 200-day moving average price is $2.91. Lightbridge has a 12 month low of $2.21 and a 12 month high of $9.78.
Lightbridge (NASDAQ:LTBR - Get Free Report) last posted its earnings results on Wednesday, July 31st. The energy company reported ($0.17) earnings per share for the quarter.
Lightbridge Company Profile
(
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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