Lightbridge Corporation (NASDAQ:LTBR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.33 and traded as high as $13.45. Lightbridge shares last traded at $13.28, with a volume of 1,356,335 shares changing hands.
Lightbridge Price Performance
The stock has a market capitalization of $339.18 million, a price-to-earnings ratio of -17.57 and a beta of 1.77. The business has a 50 day simple moving average of $13.61 and a 200-day simple moving average of $10.53.
Lightbridge (NASDAQ:LTBR - Get Free Report) last posted its earnings results on Monday, May 12th. The energy company reported ($0.24) earnings per share (EPS) for the quarter.
Insider Transactions at Lightbridge
In other news, Director Jesse L. Funches sold 6,250 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $9.75, for a total transaction of $60,937.50. Following the completion of the transaction, the director directly owned 46,288 shares of the company's stock, valued at $451,308. This represents a 11.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.50% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Investments LP acquired a new position in Lightbridge during the fourth quarter valued at approximately $1,106,000. Squarepoint Ops LLC acquired a new position in Lightbridge during the fourth quarter valued at approximately $55,000. Renaissance Technologies LLC boosted its position in Lightbridge by 785.8% during the fourth quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company's stock valued at $1,006,000 after purchasing an additional 188,600 shares during the last quarter. Northern Trust Corp boosted its position in Lightbridge by 65.6% during the fourth quarter. Northern Trust Corp now owns 73,312 shares of the energy company's stock valued at $347,000 after purchasing an additional 29,046 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in shares of Lightbridge in the fourth quarter valued at approximately $466,000. 9.14% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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