Lightbridge (NASDAQ:LTBR) Shares Down 4.9% - Time to Sell?

Key Points

• Lightbridge Corporation's stock fell 4.9% during mid-day trading, closing at $21.63, significantly below its average trading volume.
• The company reported a loss of ($0.16) earnings per share in its most recent earnings announcement on August 11th.
• Recent insider trading shows significant sales, with EVP Andrey Mushakov selling 17,598 shares at an average price of $20.04, indicating a 4.26% decrease in ownership.

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) fell 4.9% during mid-day trading on Tuesday . The company traded as low as $22.23 and last traded at $21.63. 193,364 shares traded hands during trading, a decline of 90% from the average session volume of 2,035,109 shares. The stock had previously closed at $22.74.

Lightbridge Stock Down 6.8%

The stock's 50 day moving average price is $15.46 and its 200-day moving average price is $12.58. The stock has a market capitalization of $549.06 million, a P/E ratio of -25.58 and a beta of 1.89.

Lightbridge (NASDAQ:LTBR - Get Free Report) last announced its earnings results on Monday, August 11th. The energy company reported ($0.16) earnings per share for the quarter.

Insider Activity at Lightbridge

In other Lightbridge news, EVP Andrey Mushakov sold 17,598 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $20.04, for a total value of $352,663.92. Following the completion of the sale, the executive vice president directly owned 395,699 shares in the company, valued at $7,929,807.96. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sweta Chakraborty sold 20,000 shares of the firm's stock in a transaction that occurred on 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 owned 32,538 shares of the company's stock, valued at approximately $492,950.70. This trade represents a 38.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lightbridge

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of Lightbridge during the second quarter worth $26,000. Legal & General Group Plc acquired a new stake in shares of Lightbridge during the second quarter worth $28,000. SBI Securities Co. Ltd. lifted its stake in shares of Lightbridge by 60.0% during the second quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company's stock worth $41,000 after buying an additional 1,152 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Lightbridge by 853.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company's stock worth $52,000 after buying an additional 3,507 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Lightbridge during the second quarter worth $53,000. 9.14% of the stock is currently 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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