Lightbridge (NASDAQ:LTBR - Get Free Report) released its earnings results on Monday. The energy company reported ($0.24) EPS for the quarter, Zacks reports.
Lightbridge Stock Performance
Shares of LTBR stock traded down $0.57 on Friday, reaching $10.37. 1,127,484 shares of the company were exchanged, compared to its average volume of 1,323,945. The company has a market cap of $216.58 million, a price-to-earnings ratio of -13.83 and a beta of 1.75. The business has a 50-day moving average price of $8.58 and a 200 day moving average price of $7.97. Lightbridge has a 1 year low of $2.21 and a 1 year high of $16.90.
Insider Activity at Lightbridge
In related news, Director Jesse L. Funches sold 6,250 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $9.75, for a total transaction of $60,937.50. Following the completion of the sale, the director now owns 46,288 shares of the company's stock, valued at approximately $451,308. This represents a 11.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.50% of the stock is owned by corporate insiders.
Institutional Trading of Lightbridge
An institutional investor recently raised its position in Lightbridge stock. Goldman Sachs Group Inc. grew its position in Lightbridge Co. (NASDAQ:LTBR - Free Report) by 601.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,620 shares of the energy company's stock after purchasing an additional 78,561 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.44% of Lightbridge worth $683,000 at the end of the most recent reporting period. Institutional investors 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.
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