Lightbridge (NASDAQ:LTBR) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• Lightbridge Corporation's stock price has crossed above its 200-day moving average of $11.75, trading as high as $14.53, indicating increased market interest.
• The company reported a quarterly EPS of ($0.16) on August 11, indicating a loss, while its market cap stands at $365.99 million.
• Director Sweta Chakraborty sold 20,000 shares of the company at an average price of $15.15, representing a significant 38.07% decrease in ownership.

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.75 and traded as high as $14.53. Lightbridge shares last traded at $14.12, with a volume of 1,071,894 shares traded.

Lightbridge Stock Performance

The stock's 50-day moving average price is $14.26 and its two-hundred day moving average price is $11.78. The stock has a market capitalization of $370.58 million, a PE ratio of -17.29 and a beta of 1.89.

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

Insider Activity

In other news, Director Sweta Chakraborty sold 20,000 shares of Lightbridge stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $15.15, for a total value of $303,000.00. Following the completion of the transaction, the director owned 32,538 shares of the company's stock, valued at $492,950.70. The trade was a 38.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lightbridge

Several large investors have recently modified their holdings of LTBR. Exchange Traded Concepts LLC purchased a new position in shares of Lightbridge in the 2nd quarter worth about $7,856,000. Geode Capital Management LLC raised its position in shares of Lightbridge by 166.3% in the 2nd quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company's stock worth $6,336,000 after purchasing an additional 295,890 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Lightbridge in the 4th quarter worth about $1,106,000. Baird Financial Group Inc. purchased a new position in shares of Lightbridge in the 2nd quarter worth about $3,102,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Lightbridge in the 2nd quarter worth about $2,484,000. Hedge funds and other institutional investors own 9.14% of the company's stock.

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.