Shares of Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.99 and traded as high as $13.30. Lightbridge shares last traded at $13.05, with a volume of 1,005,838 shares.
Lightbridge Trading Up 2.1%
The company's 50-day moving average is $11.44 and its two-hundred day moving average is $9.11. The stock has a market capitalization of $306.34 million, a P/E ratio of -15.87 and a beta of 1.83.
Lightbridge (NASDAQ:LTBR - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The energy company reported ($0.24) EPS for the quarter.
Insider Activity at Lightbridge
In related news, Director Jesse L. Funches sold 6,250 shares of the company's stock in a transaction dated 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 now owns 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 document filed with the SEC, which is available through the SEC website. 6.50% of the stock is owned by insiders.
Hedge Funds Weigh In On Lightbridge
Several large investors have recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in shares of Lightbridge in the 4th quarter worth approximately $627,000. Steward Partners Investment Advisory LLC bought a new stake in Lightbridge during the fourth quarter worth approximately $105,000. LPL Financial LLC acquired a new stake in Lightbridge in the fourth quarter worth approximately $63,000. Geode Capital Management LLC lifted its position in Lightbridge by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company's stock worth $813,000 after purchasing an additional 6,830 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Lightbridge during the 4th quarter valued at $56,000. Institutional investors and hedge funds own 9.14% of the company's stock.
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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