Insider Selling: Lightbridge (NASDAQ:LTBR) Director Sells 20,000 Shares of 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 stock in a transaction on Friday, August 15th. The shares were sold at an average price of $15.15, for a total value 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. The trade was a 38.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Lightbridge Trading Down 9.1%

NASDAQ:LTBR traded down $1.39 during trading hours on Tuesday, hitting $13.92. 1,498,752 shares of the company were exchanged, compared to its average volume of 2,061,075. The company has a fifty day simple moving average of $13.82 and a 200 day simple moving average of $11.46. Lightbridge Corporation has a one year low of $2.24 and a one year high of $18.80. The stock has a market capitalization of $360.74 million, a price-to-earnings ratio of -16.77 and a beta of 1.67.

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

Institutional Investors Weigh In On Lightbridge

A number of hedge funds have recently modified their holdings of the stock. LPL Financial LLC bought a new stake in Lightbridge during the 4th quarter valued at $63,000. Geode Capital Management LLC raised its holdings in Lightbridge by 4.1% during the 4th 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 during the period. Bank of Montreal Can bought a new stake in Lightbridge during the 4th quarter valued at $118,000. Renaissance Technologies LLC raised its holdings in Lightbridge by 785.8% during the 4th quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company's stock valued at $1,006,000 after acquiring an additional 188,600 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in shares of Lightbridge during the 4th quarter valued at $38,000. Institutional investors own 9.14% of the company's stock.

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.

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