Shares of Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $24.78 and last traded at $24.26, with a volume of 360486 shares changing hands. The stock had previously closed at $21.21.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Lightbridge in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Lightbridge has a consensus rating of "Sell".
Check Out Our Latest Research Report on Lightbridge
Lightbridge Trading Up 7.8%
The stock has a market capitalization of $592.43 million, a price-to-earnings ratio of -27.78 and a beta of 1.93. The firm has a 50-day moving average of $16.00 and a 200 day moving average of $12.90.
Lightbridge (NASDAQ:LTBR - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The energy company reported ($0.16) earnings per share (EPS) for the quarter.
Insider Activity at Lightbridge
In related news, EVP Andrey Mushakov sold 17,598 shares of Lightbridge stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $20.04, for a total value of $352,663.92. Following the completion of the transaction, the executive vice president directly owned 395,699 shares in the company, valued at approximately $7,929,807.96. This trade represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sweta Chakraborty sold 20,000 shares of the business's stock in a transaction that occurred 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 sale, the director owned 32,538 shares of the company's stock, valued at $492,950.70. This trade represents a 38.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.80% of the stock is owned by insiders.
Institutional Investors Weigh In On Lightbridge
Several institutional investors and hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new position in shares of Lightbridge during the fourth quarter valued at $55,000. OLD National Bancorp IN bought a new stake in Lightbridge in the first quarter worth about $82,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Lightbridge by 23.1% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 48,000 shares of the energy company's stock worth $358,000 after purchasing an additional 9,000 shares during the last quarter. Powell Investment Advisors LLC bought a new position in shares of Lightbridge in the first quarter valued at $87,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Lightbridge during the first quarter valued at $35,000. Institutional investors and hedge funds own 9.14% of the company's stock.
About Lightbridge
(
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.
Further Reading
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