Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.96 and traded as high as $14.11. Lightbridge shares last traded at $13.94, with a volume of 2,258,753 shares traded.
Lightbridge Price Performance
The business has a 50-day simple moving average of $13.19 and a two-hundred day simple moving average of $10.14. The stock has a market cap of $343.60 million, a price-to-earnings ratio of -17.87 and a beta of 1.77.
Lightbridge (NASDAQ:LTBR - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The energy company reported ($0.24) earnings per share for the quarter.
Insiders Place Their Bets
In other news, Director Jesse L. Funches sold 6,250 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $9.75, for a total value of $60,937.50. Following the transaction, the director owned 46,288 shares of the company's stock, valued at approximately $451,308. This represents a 11.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.50% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Lightbridge
Several institutional investors and hedge funds have recently made changes to their positions in LTBR. Stone House Investment Management LLC bought a new position in Lightbridge during the 1st quarter worth $35,000. Geode Capital Management LLC lifted its position in shares of Lightbridge by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company's stock valued at $813,000 after acquiring an additional 6,830 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Lightbridge during the 4th quarter valued at $38,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Lightbridge by 23.1% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 48,000 shares of the energy company's stock valued at $358,000 after acquiring an additional 9,000 shares during the period. Finally, OLD National Bancorp IN bought a new stake in shares of Lightbridge during the 1st quarter valued at $82,000. 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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