Lightbridge (NASDAQ:LTBR) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Lightbridge Co. (NASDAQ:LTBR) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.31 and traded as high as $9.27. Lightbridge shares last traded at $7.87, with a volume of 2,748,068 shares trading hands.

Lightbridge Stock Up 4.1 %

The business has a 50-day simple moving average of $8.91 and a two-hundred day simple moving average of $6.36. The stock has a market capitalization of $175.69 million, a P/E ratio of -11.51 and a beta of 2.21.

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 Transactions at Lightbridge

In other news, EVP Andrey Mushakov sold 45,070 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $8.97, for a total value of $404,277.90. Following the completion of the sale, the executive vice president now directly owns 189,893 shares in the company, valued at approximately $1,703,340.21. This trade represents a 19.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Larry Goldman sold 3,707 shares of the company’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 transaction, the chief financial officer now owns 197,737 shares in the company, valued at approximately $1,390,091.11. This trade represents a 1.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,943 shares of company stock valued at $1,271,668. Corporate insiders own 6.50% of the company’s stock.

Institutional Trading of Lightbridge

A number of hedge funds and other institutional investors have recently modified their holdings of LTBR. Two Sigma Investments LP bought a new position in Lightbridge in the 4th quarter valued at $1,106,000. Renaissance Technologies LLC lifted its stake in shares of Lightbridge by 785.8% during the fourth quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company’s stock valued at $1,006,000 after acquiring an additional 188,600 shares during the period. Private Advisor Group LLC bought a new position in Lightbridge in the fourth quarter valued at about $627,000. Verition Fund Management LLC acquired a new stake in Lightbridge in the third quarter worth about $288,000. Finally, Two Sigma Advisers LP bought a new stake in Lightbridge during the 4th quarter worth about $466,000. 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.