Lightbridge (NASDAQ:LTBR) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Lightbridge Corporation shares have surpassed their 200-day moving average, indicating potential growth momentum, with a trading high of $14.58 compared to the average of $11.85.
• Director Sweta Chakraborty sold 20,000 shares at an average price of $15.15, representing a 38.07% reduction in their ownership, which could signal insider sentiment about the stock.
• Institutional investors have been actively trading Lightbridge, with notable stake increases from firms like SBI Securities Co. Ltd., indicating growing interest in the company among larger entities.

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 Price Performance

The company has a market cap of $362.10 million, a price-to-earnings ratio of -16.83 and a beta of 1.89. The business's 50-day simple moving average is $14.34 and its 200-day simple moving average is $11.85.

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 Activity

In other news, Director Sweta Chakraborty sold 20,000 shares of Lightbridge stock in a transaction dated Friday, August 15th. The shares were 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 in the company, valued at $492,950.70. The trade was a 38.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.50% of the stock is owned by corporate insiders.

Institutional Trading of Lightbridge

A number of hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. boosted its position in shares of Lightbridge by 60.0% in the second quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company's stock worth $41,000 after acquiring an additional 1,152 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Lightbridge in the second quarter worth approximately $26,000. Legal & General Group Plc acquired a new stake in shares of Lightbridge in the second quarter worth approximately $28,000. Bank of Montreal Can boosted its position in shares of Lightbridge by 30.0% in the second quarter. Bank of Montreal Can now owns 13,000 shares of the energy company's stock worth $174,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Lightbridge by 853.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company's stock worth $52,000 after acquiring an additional 3,507 shares during the last quarter. 9.14% of the stock is owned by institutional investors and hedge funds.

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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