Lightbridge Co. (NASDAQ:LTBR - Get Free Report) saw some unusual options trading on Friday. Investors acquired 17,065 call options on the company. This represents an increase of approximately 367% compared to the typical daily volume of 3,652 call options.
Lightbridge Stock Performance
Shares of NASDAQ LTBR traded up $1.01 during trading on Wednesday, hitting $17.35. 3,474,600 shares of the company were exchanged, compared to its average volume of 1,441,601. The company has a fifty day moving average price of $9.05 and a 200-day moving average price of $8.15. Lightbridge has a 12-month low of $2.21 and a 12-month high of $17.68. The firm has a market capitalization of $391.06 million, a PE ratio of -23.24 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) EPS for the quarter.
Insider Buying and Selling at Lightbridge
In other news, Director Jesse L. Funches sold 6,250 shares of the stock in a transaction dated 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 now directly owns 46,288 shares in the company, valued at $451,308. This represents a 11.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.80% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Lightbridge
Several large investors have recently modified their holdings of LTBR. Stone House Investment Management LLC purchased a new stake in shares of Lightbridge in the 1st quarter valued at approximately $35,000. Geode Capital Management LLC raised its position in Lightbridge by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company's stock valued at $813,000 after purchasing an additional 6,830 shares during the period. NewEdge Advisors LLC acquired a new position in Lightbridge during the fourth quarter worth $38,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Lightbridge by 23.1% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 48,000 shares of the energy company's stock worth $358,000 after buying an additional 9,000 shares during the period. Finally, OLD National Bancorp IN acquired a new stake in shares of Lightbridge in the first quarter valued at $82,000. Institutional investors and hedge funds 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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