Lightbridge Co. (NASDAQ:LTBR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.09 and traded as high as $16.14. Lightbridge shares last traded at $15.20, with a volume of 19,572,248 shares traded.
Lightbridge Stock Down 0.6%
The business's fifty day moving average is $9.44 and its 200 day moving average is $8.30. The firm has a market capitalization of $334.91 million, a price-to-earnings ratio of -19.81 and a beta of 1.75.
Lightbridge (NASDAQ:LTBR - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The energy company reported ($0.24) EPS for the quarter.
Insider Buying and Selling
In related news, Director Jesse L. Funches sold 6,250 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $9.75, for a total transaction of $60,937.50. Following the sale, the director now directly owns 46,288 shares in the company, valued at $451,308. This trade represents a 11.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.80% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Lightbridge
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP acquired a new stake in Lightbridge in the 4th quarter valued at $1,106,000. Renaissance Technologies LLC increased its stake in Lightbridge by 785.8% in the 4th quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company's stock valued at $1,006,000 after buying an additional 188,600 shares during the last quarter. Geode Capital Management LLC increased its stake in Lightbridge by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company's stock valued at $813,000 after buying an additional 6,830 shares during the last quarter. Tortoise Investment Management LLC increased its stake in Lightbridge by 132.6% in the 1st quarter. Tortoise Investment Management LLC now owns 163,521 shares of the energy company's stock valued at $1,220,000 after buying an additional 93,225 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Lightbridge in the 4th quarter valued at $627,000. 9.14% of the stock is currently owned by institutional investors and hedge funds.
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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