Lightbridge Corporation (NASDAQ:LTBR - Get Free Report)'s stock price was up 6.3% on Thursday . The company traded as high as $19.56 and last traded at $19.84. Approximately 2,513,491 shares traded hands during trading, an increase of 24% from the average daily volume of 2,024,624 shares. The stock had previously closed at $18.66.
Lightbridge Stock Up 5.9%
The stock's 50-day simple moving average is $15.05 and its two-hundred day simple moving average is $12.26. The company has a market capitalization of $512.15 million, a price-to-earnings ratio of -23.88 and a beta of 1.89.
Lightbridge (NASDAQ:LTBR - Get Free Report) last issued its earnings results on Monday, August 11th. The energy company reported ($0.16) EPS for the quarter.
Insider Activity at Lightbridge
In related news, EVP Andrey Mushakov sold 17,598 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $20.04, for a total value of $352,663.92. Following the sale, the executive vice president owned 395,699 shares of the company's stock, valued at $7,929,807.96. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sweta Chakraborty sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $15.15, for a total transaction of $303,000.00. Following the sale, the director directly owned 32,538 shares in the company, valued at approximately $492,950.70. The trade was a 38.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.50% of the company's stock.
Institutional Investors Weigh In On Lightbridge
Several institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. acquired a new position in shares of Lightbridge during the 2nd quarter worth $26,000. Legal & General Group Plc acquired a new position in shares of Lightbridge during the 2nd quarter valued at about $28,000. Stone House Investment Management LLC purchased a new stake in shares of Lightbridge during the 1st quarter worth about $35,000. SBI Securities Co. Ltd. grew its holdings in shares of Lightbridge by 60.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company's stock worth $41,000 after purchasing an additional 1,152 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Lightbridge by 853.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company's stock worth $52,000 after acquiring an additional 3,507 shares during the period. 9.14% of the stock is currently owned by hedge funds and other institutional investors.
Lightbridge Company Profile
(
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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