Lightbridge (NASDAQ:LTBR) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Lightbridge Corporation shares have crossed above their 200-day moving average, with a significant trading volume of 1,398,368 shares at a last traded price of $15.35.
• The company reported a quarterly earnings loss of ($0.16) per share and has a market capitalization of approximately $397.87 million.
• Insider activity includes a notable sale by Director Sweta Chakraborty, who sold 20,000 shares at an average price of $15.15, reducing her ownership position by 38.07%.

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.57 and traded as high as $15.60. Lightbridge shares last traded at $15.35, with a volume of 1,398,368 shares changing hands.

Lightbridge Stock Performance

The business's fifty day simple moving average is $13.97 and its 200-day simple moving average is $11.65. The firm has a market capitalization of $403.83 million, a PE ratio of -18.72 and a beta of 1.67.

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

Insider Transactions at Lightbridge

In other Lightbridge news, Director Sweta Chakraborty sold 20,000 shares of the 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 directly owned 32,538 shares of the company's stock, valued at $492,950.70. This trade represents a 38.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. grew its holdings 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 valued at $41,000 after purchasing an additional 1,152 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Lightbridge in the second quarter valued at $26,000. Legal & General Group Plc purchased a new position in shares of Lightbridge in the second quarter valued at $28,000. Bank of Montreal Can lifted its position in 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 buying an additional 3,000 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in 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 buying an additional 3,507 shares during the last quarter. 9.14% of the stock is owned by hedge funds and other institutional investors.

About Lightbridge

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.