Lightbridge (NASDAQ:LTBR) Stock Passes Above 200 Day Moving Average – What’s Next?

Lightbridge Co. (NASDAQ:LTBR) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.81 and traded as high as $9.40. Lightbridge shares last traded at $8.44, with a volume of 1,422,421 shares traded.

Lightbridge Stock Performance

The company has a market capitalization of $161.44 million, a P/E ratio of -10.31 and a beta of 2.21. The company has a 50-day simple moving average of $9.59 and a 200 day simple moving average of $6.82.

Lightbridge (NASDAQ:LTBR) last posted its earnings results on Wednesday, February 26th. The energy company reported ($0.24) earnings per share for the quarter.

Insider Buying and Selling

In other news, EVP Andrey Mushakov sold 45,070 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $8.97, for a total transaction of $404,277.90. Following the completion of the sale, the executive vice president now owns 189,893 shares in the company, valued at $1,703,340.21. The trade was a 19.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Larry Goldman sold 3,707 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $7.03, for a total transaction of $26,060.21. Following the transaction, the chief financial officer now directly owns 197,737 shares in the company, valued at $1,390,091.11. This represents a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,943 shares of company stock valued at $1,271,668 over the last ninety days. Insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Lightbridge

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Market Strategies LLC grew its stake in Lightbridge by 42.5% during the fourth quarter. Capital Market Strategies LLC now owns 19,950 shares of the energy company’s stock worth $94,000 after purchasing an additional 5,950 shares during the period. State Street Corp lifted its holdings in Lightbridge by 18.4% during the third quarter. State Street Corp now owns 38,579 shares of the energy company’s stock worth $108,000 after acquiring an additional 6,000 shares during the period. Geode Capital Management LLC grew its stake in Lightbridge by 4.1% in the 4th 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 purchased a new stake in Lightbridge during the fourth quarter worth about $38,000. Finally, Evanson Asset Management LLC purchased a new stake in Lightbridge in the fourth quarter worth $47,000. 9.14% of the stock is owned by institutional investors.

About Lightbridge

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.