Lightbridge Corporation (NASDAQ:LTBR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.31 and traded as high as $14.09. Lightbridge shares last traded at $13.56, with a volume of 988,181 shares changing hands.
Lightbridge Price Performance
The firm has a market cap of $307.24 million, a PE ratio of -15.92 and a beta of 1.82. The stock has a 50-day moving average price of $12.18 and a 200 day moving average price of $9.48.
Lightbridge (NASDAQ:LTBR - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The energy company reported ($0.24) earnings per share (EPS) for the quarter.
Insider Activity
In related news, Director Jesse L. Funches sold 6,250 shares of the company's stock in a transaction that occurred on 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 transaction, the director owned 46,288 shares of the company's stock, valued at approximately $451,308. This represents a 11.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.80% of the company's stock.
Hedge Funds Weigh In On Lightbridge
Hedge funds have recently made changes to their positions in the stock. Stone House Investment Management LLC purchased a new position in shares of Lightbridge in the 1st quarter worth $35,000. NewEdge Advisors LLC purchased a new stake in Lightbridge during the fourth quarter valued at about $38,000. Squarepoint Ops LLC acquired a new stake in Lightbridge during the fourth quarter worth about $55,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Lightbridge in the 4th quarter worth about $56,000. Finally, LPL Financial LLC purchased a new position in shares of Lightbridge in the 4th quarter worth about $63,000. 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.
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