Lightbridge (NASDAQ:LTBR) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Lightbridge Co. (NASDAQ:LTBR)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Lightbridge Price Performance

The company has a fifty day moving average price of $9.59 and a 200 day moving average price of $6.82. The company has a market cap of $161.44 million, a PE ratio of -10.31 and a beta of 2.21.

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

Insider Activity at Lightbridge

In other news, EVP Andrey Mushakov sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $14.58, for a total transaction of $437,400.00. Following the completion of the sale, the executive vice president now owns 159,893 shares of the company’s stock, valued at $2,331,239.94. This represents a 15.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Larry Goldman sold 3,707 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $7.03, for a total value of $26,060.21. Following the sale, the chief financial officer now directly owns 197,737 shares of the company’s stock, valued at $1,390,091.11. This represents a 1.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,943 shares of company stock worth $1,271,668 over the last quarter. Corporate insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Lightbridge

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Market Strategies LLC increased its stake in 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 acquiring an additional 5,950 shares during the last quarter. State Street Corp raised its position in Lightbridge by 18.4% during the third quarter. State Street Corp now owns 38,579 shares of the energy company’s stock valued at $108,000 after purchasing an additional 6,000 shares during the period. Geode Capital Management LLC lifted its stake in shares of 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 last quarter. NewEdge Advisors LLC purchased a new position in Lightbridge during the fourth quarter worth $38,000. Finally, Evanson Asset Management LLC purchased a new stake in Lightbridge in the 4th quarter worth about $47,000. 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.