Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.65 and traded as high as $14.49. Lightbridge shares last traded at $13.82, with a volume of 949,059 shares traded.
Lightbridge Trading Down 3.0%
The company has a market capitalization of $300.58 million, a PE ratio of -15.57 and a beta of 1.67. The business's fifty day moving average is $13.86 and its two-hundred day moving average is $10.82.
Lightbridge (NASDAQ:LTBR - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The energy company reported ($0.24) earnings per share for the quarter.
Insider Buying and Selling
In other Lightbridge news, Director Jesse L. Funches sold 6,250 shares of Lightbridge stock in a transaction that occurred on 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 owned 46,288 shares of the company's stock, valued at approximately $451,308. The trade was a 11.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.50% of the company's stock.
Institutional Investors Weigh In On Lightbridge
A number of large investors have recently added to or reduced their stakes in LTBR. Caitong International Asset Management Co. Ltd grew its position in shares of Lightbridge by 853.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company's stock valued at $52,000 after acquiring an additional 3,507 shares during the period. Stone House Investment Management LLC bought a new stake in shares of Lightbridge during the 1st quarter valued at $35,000. NewEdge Advisors LLC bought a new stake in shares of Lightbridge during the 4th quarter valued at $38,000. OLD National Bancorp IN bought a new stake in shares of Lightbridge during the 1st quarter valued at $82,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Lightbridge during the 4th quarter valued at $55,000. Institutional investors 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.
Further Reading
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