Lightbridge (NASDAQ:LTBR) Director Sells $303,000.00 in Stock

Key Points

• Sweta Chakraborty, a director at Lightbridge Corporation, sold 20,000 shares at an average price of $15.15, resulting in a total transaction value of $303,000.
• Following the sale, Chakraborty's ownership decreased by 38.07%, leaving her with 32,538 shares valued at approximately $492,950.
• Lightbridge's stock price has recently decreased by 9.1%, with a current trading price of $13.92, down from a one-year high of $18.80.

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) Director Sweta Chakraborty sold 20,000 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $15.15, for a total transaction of $303,000.00. Following the completion of the transaction, the director owned 32,538 shares of the company's stock, valued at $492,950.70. This represents a 38.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lightbridge Stock Up 7.9%

NASDAQ:LTBR traded up $1.13 during trading hours on Friday, reaching $15.35. 1,398,368 shares of the company's stock were exchanged, compared to its average volume of 1,444,295. The firm has a market capitalization of $397.87 million, a price-to-earnings ratio of -18.49 and a beta of 1.67. The company has a 50-day moving average of $13.88 and a 200 day moving average of $11.58. Lightbridge Corporation has a 1-year low of $2.24 and a 1-year high of $18.80.

Lightbridge (NASDAQ:LTBR - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The energy company reported ($0.16) earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LTBR. LPL Financial LLC acquired a new position in shares of Lightbridge in the fourth quarter valued at approximately $63,000. Geode Capital Management LLC boosted its holdings in shares of Lightbridge by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company's stock valued at $813,000 after acquiring an additional 6,830 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Lightbridge during the fourth quarter worth about $118,000. Renaissance Technologies LLC lifted its position in Lightbridge by 785.8% in the fourth quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company's stock valued at $1,006,000 after purchasing an additional 188,600 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in Lightbridge in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 9.14% of the company's stock.

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.