Lightbridge Co. (NASDAQ:LTBR - Get Free Report)'s stock price passed 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 trading hands.
Lightbridge Stock Performance
The firm's 50 day moving average price is $9.21 and its two-hundred day moving average price is $8.21. The company has a market cap of $336.94 million, a P/E ratio of -19.93 and a beta of 1.75.
Lightbridge (NASDAQ:LTBR - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The energy company reported ($0.24) earnings per share for the quarter.
Insiders Place Their Bets
In other Lightbridge news, Director Jesse L. Funches sold 6,250 shares of the company'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 transaction, the director now owns 46,288 shares in the company, valued at approximately $451,308. This represents a 11.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.80% of the company's stock.
Institutional Trading of Lightbridge
Institutional investors have recently made changes to their positions in the company. Stone House Investment Management LLC bought a new stake in shares of Lightbridge in the 1st quarter worth $35,000. NewEdge Advisors LLC purchased a new stake in Lightbridge during the fourth quarter valued at about $38,000. OLD National Bancorp IN purchased a new stake in Lightbridge during the first quarter valued at about $82,000. Squarepoint Ops LLC purchased a new stake in Lightbridge during the fourth quarter valued at about $55,000. Finally, Powell Investment Advisors LLC purchased a new stake in Lightbridge during the first quarter valued at about $87,000. Institutional investors own 9.14% of the company's stock.
Lightbridge Company Profile
(
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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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