Lightbridge (NASDAQ:LTBR) Posts Quarterly Earnings Results

Lightbridge (NASDAQ:LTBR - Get Free Report) issued its quarterly earnings data on Monday. The energy company reported ($0.24) earnings per share (EPS) for the quarter, Zacks reports.

Lightbridge Stock Down 1.2%

Shares of NASDAQ:LTBR opened at $9.59 on Monday. Lightbridge has a 52-week low of $2.21 and a 52-week high of $16.90. The stock's fifty day simple moving average is $8.38 and its 200-day simple moving average is $7.90. The company has a market capitalization of $200.29 million, a P/E ratio of -12.79 and a beta of 1.75.

Insider Activity

In related news, EVP Andrey Mushakov sold 30,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $14.58, for a total transaction of $437,400.00. Following the transaction, the executive vice president now directly owns 159,893 shares in the company, valued at approximately $2,331,239.94. This represents a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Larry Goldman sold 18,303 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $14.09, for a total value of $257,889.27. Following the transaction, the chief financial officer now owns 150,900 shares in the company, valued at $2,126,181. This trade represents a 10.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.50% 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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