Lightbridge Sees Unusually High Options Volume (NASDAQ:LTBR)

Lightbridge Co. (NASDAQ:LTBR) saw some unusual options trading activity on Wednesday. Investors bought 7,601 call options on the company. This is an increase of 154% compared to the average volume of 2,992 call options.

Lightbridge Trading Up 25.0 %

Shares of NASDAQ:LTBR traded up $2.71 during midday trading on Wednesday, hitting $13.55. The stock had a trading volume of 4,359,298 shares, compared to its average volume of 3,348,652. Lightbridge has a 1 year low of $2.21 and a 1 year high of $14.20. The company has a market capitalization of $213.60 million, a PE ratio of -17.99 and a beta of 2.26. The stock has a 50 day moving average price of $6.35 and a two-hundred day moving average price of $5.11.

Insider Buying and Selling at Lightbridge

In other news, CFO Larry Goldman sold 3,707 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $7.03, for a total transaction of $26,060.21. Following the sale, the chief financial officer now owns 197,737 shares of the company’s stock, valued at approximately $1,390,091.11. This trade represents a 1.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrey Mushakov sold 45,070 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $8.97, for a total value of $404,277.90. Following the completion of the transaction, the executive vice president now directly owns 189,893 shares of the company’s stock, valued at $1,703,340.21. This trade represents a 19.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,640 shares of company stock valued at $576,379. Insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Lightbridge

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in shares of Lightbridge during the 3rd quarter valued at approximately $34,000. Evanson Asset Management LLC purchased a new stake in Lightbridge in the 4th quarter worth approximately $47,000. LPL Financial LLC purchased a new stake in shares of Lightbridge in the fourth quarter valued at $63,000. Virtu Financial LLC boosted its position in shares of Lightbridge by 118.8% in the third quarter. Virtu Financial LLC now owns 27,905 shares of the energy company’s stock worth $78,000 after acquiring an additional 15,150 shares during the last quarter. Finally, Capital Market Strategies LLC raised its position in shares of Lightbridge by 42.5% in the 4th quarter. Capital Market Strategies LLC now owns 19,950 shares of the energy company’s stock worth $94,000 after buying an additional 5,950 shares during the period. Institutional investors and hedge funds own 9.14% of the company’s stock.

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.