Lightbridge Corporation (NASDAQ:LTBR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.85 and traded as high as $14.58. Lightbridge shares last traded at $13.97, with a volume of 1,521,732 shares.
Lightbridge Trading Up 2.5%
The firm has a 50-day simple moving average of $14.56 and a 200-day simple moving average of $12.00. The firm has a market cap of $392.43 million, a P/E ratio of -18.24 and a beta of 1.89.
Lightbridge (NASDAQ:LTBR - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The energy company reported ($0.16) earnings per share (EPS) for the quarter.
Insider Activity
In other news, Director Sweta Chakraborty sold 20,000 shares of Lightbridge stock in a transaction on Friday, August 15th. The stock was sold at an average price of $15.15, for a total value of $303,000.00. Following the transaction, the director directly owned 32,538 shares in the company, valued at approximately $492,950.70. This trade represents a 38.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.50% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. acquired a new position in shares of Lightbridge during the second quarter worth $26,000. Legal & General Group Plc purchased a new stake in shares of Lightbridge during the 2nd quarter valued at $28,000. Stone House Investment Management LLC purchased a new stake in shares of Lightbridge during the 1st quarter valued at $35,000. SBI Securities Co. Ltd. lifted its holdings in shares of Lightbridge by 60.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company's stock valued at $41,000 after purchasing an additional 1,152 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Lightbridge by 853.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company's stock valued at $52,000 after purchasing an additional 3,507 shares during the last quarter. 9.14% of the stock is currently owned by hedge funds and other institutional investors.
Lightbridge Company Profile
(
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.
Recommended Stories
Before you consider Lightbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lightbridge wasn't on the list.
While Lightbridge currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
