Lightbridge Corporation (NASDAQ:LTBR - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.63 and traded as high as $12.85. Lightbridge shares last traded at $12.78, with a volume of 639,065 shares.
Lightbridge Stock Down 6.2%
The stock has a market cap of $278.52 million, a price-to-earnings ratio of -14.43 and a beta of 1.77. The company's 50-day moving average is $12.65 and its 200-day moving average is $9.78.
Lightbridge (NASDAQ:LTBR - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The energy company reported ($0.24) earnings per share (EPS) for the quarter.
Insiders Place Their Bets
In related news, Director Jesse L. Funches sold 6,250 shares of the firm's stock in a transaction on 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 sale, the director directly owned 46,288 shares of the company's stock, valued at $451,308. This trade represents a 11.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.80% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Lightbridge
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Two Sigma Investments LP acquired a new stake in Lightbridge during the 4th quarter valued at $1,106,000. Renaissance Technologies LLC boosted its position in Lightbridge by 785.8% in the 4th quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company's stock valued at $1,006,000 after buying an additional 188,600 shares during the last quarter. Geode Capital Management LLC boosted its position in Lightbridge by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company's stock valued at $813,000 after buying an additional 6,830 shares during the last quarter. Tortoise Investment Management LLC boosted its position in Lightbridge by 132.6% in the 1st quarter. Tortoise Investment Management LLC now owns 163,521 shares of the energy company's stock valued at $1,220,000 after buying an additional 93,225 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new position in Lightbridge in the 4th quarter valued at $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.
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