Lightbridge (NASDAQ:LTBR) EVP Sells $352,663.92 in Stock

Key Points

• Lightbridge Corporation EVP Andrey Mushakov sold 17,598 shares for a total of $352,663.92, resulting in a 4.26% decrease in his ownership stake.
• The company's stock has seen significant volatility, trading at a 52-week low of $2.53 and a high of $21.70, with the current market value at $20.85.
• Institutional investors own 9.14% of Lightbridge's stock, with several firms significantly increasing their positions recently, indicating growing interest in the company.

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) EVP Andrey Mushakov sold 17,598 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $20.04, for a total value of $352,663.92. Following the transaction, the executive vice president directly owned 395,699 shares in the company, valued at $7,929,807.96. This represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Lightbridge Price Performance

Lightbridge stock traded up $0.70 during mid-day trading on Tuesday, reaching $20.85. 3,990,752 shares of the company traded hands, compared to its average volume of 2,013,633. Lightbridge Corporation has a fifty-two week low of $2.53 and a fifty-two week high of $21.70. The company has a market capitalization of $540.43 million, a price-to-earnings ratio of -25.12 and a beta of 1.89. The firm's fifty day moving average is $14.81 and its two-hundred day moving average is $12.16.

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 (EPS) for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in shares of Lightbridge in the second quarter valued at about $26,000. Legal & General Group Plc acquired a new position in shares of Lightbridge in the second quarter valued at about $28,000. Stone House Investment Management LLC acquired a new position in shares of Lightbridge in the first quarter valued at about $35,000. SBI Securities Co. Ltd. increased its holdings in shares of Lightbridge by 60.0% in the second quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company's stock valued at $41,000 after purchasing an additional 1,152 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Lightbridge by 853.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company's stock valued at $52,000 after purchasing an additional 3,507 shares during the period. 9.14% of the stock is owned by institutional investors and hedge funds.

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.

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