Lightbridge Corporation (NASDAQ:LTBR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.
Lightbridge Stock Up 1.8%
The company has a market cap of $293.57 million, a PE ratio of -15.21 and a beta of 1.77. The stock's 50 day simple moving average is $12.51 and its two-hundred day simple moving average is $9.70.
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 for the quarter.
Insider Activity
In other news, Director Jesse L. Funches sold 6,250 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $9.75, for a total value of $60,937.50. Following the completion of the sale, the director 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.80% of the stock is owned by insiders.
Institutional Investors Weigh In On Lightbridge
Several large investors have recently made changes to their positions in LTBR. Stone House Investment Management LLC acquired a new stake in shares of Lightbridge in the first quarter worth $35,000. NewEdge Advisors LLC acquired a new stake in shares of Lightbridge in the fourth quarter worth $38,000. Squarepoint Ops LLC acquired a new stake in shares of Lightbridge in the fourth quarter worth $55,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Lightbridge in the fourth quarter worth $56,000. Finally, LPL Financial LLC acquired a new stake in shares of Lightbridge in the fourth quarter worth $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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