Insider Selling: Lightbridge Co. (NASDAQ:LTBR) CFO Sells 18,303 Shares of Stock

Lightbridge Co. (NASDAQ:LTBR) CFO Larry Goldman sold 18,303 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $14.09, for a total transaction of $257,889.27. Following the sale, the chief financial officer now directly owns 150,900 shares of the company’s stock, valued at $2,126,181. The trade was a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Larry Goldman also recently made the following trade(s):

• On Wednesday, January 22nd, Larry Goldman sold 20,863 shares of Lightbridge stock. The shares were sold at an average price of $7.00, for a total transaction of $146,041.00.
• On Monday, January 6th, Larry Goldman sold 3,707 shares of Lightbridge stock. The shares were sold at an average price of $7.03, for a total transaction of $26,060.21.

Lightbridge Stock Down 10.7 %

Shares of LTBR opened at $13.56 on Friday. The stock has a market capitalization of $213.84 million, a P/E ratio of -18.08 and a beta of 2.26. The firm has a fifty day simple moving average of $6.96 and a two-hundred day simple moving average of $5.39. Lightbridge Co. has a twelve month low of $2.21 and a twelve month high of $16.90.

Institutional Investors Weigh In On Lightbridge

Several institutional investors have recently added to or reduced their stakes in LTBR. XTX Topco Ltd purchased a new stake in Lightbridge during the 3rd quarter valued at $34,000. NewEdge Advisors LLC purchased a new stake in shares of Lightbridge in the 4th quarter worth about $38,000. Evanson Asset Management LLC purchased a new stake in shares of Lightbridge in the 4th quarter worth about $47,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Lightbridge in the 4th quarter worth about $56,000. Finally, LPL Financial LLC purchased a new stake in shares of Lightbridge in the 4th quarter worth about $63,000. Hedge funds and other institutional investors own 9.14% of the company’s stock.

Lightbridge Company Profile

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.