Lightbridge (NASDAQ:LTBR) Hits New 12-Month High - Should You Buy?

Key Points

• Lightbridge Corporation's stock reached a new 52-week high of $23.37, closing at $21.49, indicating a significant increase in market interest.
• The company reported a loss of $0.16 earnings per share (EPS) in its latest quarter, raising concerns about profitability despite its rising share price.
• Recent insider trading activity shows the Director sold 20,000 shares, reflecting a 38.07% decrease in their ownership, which could signal potential issues to investors.

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $23.37 and last traded at $21.49, with a volume of 516966 shares. The stock had previously closed at $21.44.

Lightbridge Price Performance

The firm has a market capitalization of $580.97 million, a PE ratio of -27.09 and a beta of 1.89. The business's 50-day moving average price is $15.26 and its 200-day moving average price is $12.49.

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

Insider Buying and Selling at Lightbridge

In related news, Director Sweta Chakraborty sold 20,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $15.15, for a total transaction of $303,000.00. Following the completion of the sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrey Mushakov sold 17,598 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $20.04, for a total value of $352,663.92. Following the sale, the executive vice president directly owned 395,699 shares of the company's stock, valued at approximately $7,929,807.96. This represents a 4.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lightbridge

A number of hedge funds and other institutional investors have recently bought and sold shares of LTBR. Northern Trust Corp lifted its holdings in Lightbridge by 65.6% in the fourth quarter. Northern Trust Corp now owns 73,312 shares of the energy company's stock valued at $347,000 after acquiring an additional 29,046 shares during the period. Two Sigma Investments LP acquired a new stake in Lightbridge in the fourth quarter valued at $1,106,000. Two Sigma Advisers LP acquired a new stake in Lightbridge in the fourth quarter valued at $466,000. Squarepoint Ops LLC acquired a new stake in Lightbridge in the fourth quarter valued at $55,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Lightbridge in the fourth quarter valued at $184,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.