Lightbridge (NASDAQ:LTBR) Stock Crosses Below 200 Day Moving Average of $3.63

Lightbridge Co. (NASDAQ:LTBRGet Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.63 and traded as low as $2.86. Lightbridge shares last traded at $2.88, with a volume of 36,781 shares changing hands.

Lightbridge Trading Down 0.3 %

The company has a 50-day simple moving average of $2.98 and a 200 day simple moving average of $3.63. The company has a market cap of $40.15 million, a P/E ratio of -4.50 and a beta of 2.55.

Lightbridge (NASDAQ:LTBRGet Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The energy company reported ($0.18) EPS for the quarter.

Institutional Investors Weigh In On Lightbridge

Several hedge funds have recently made changes to their positions in the company. Prime Capital Investment Advisors LLC purchased a new stake in shares of Lightbridge during the 3rd quarter worth $131,000. Founders Financial Securities LLC purchased a new stake in shares of Lightbridge during the 3rd quarter worth $52,000. BlackRock Inc. lifted its stake in shares of Lightbridge by 12.5% during the 2nd quarter. BlackRock Inc. now owns 43,024 shares of the energy company’s stock worth $250,000 after purchasing an additional 4,795 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Lightbridge by 56.5% during the 2nd quarter. Geode Capital Management LLC now owns 142,990 shares of the energy company’s stock worth $832,000 after purchasing an additional 51,619 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in shares of Lightbridge by 15.5% during the 4th quarter. Susquehanna International Group LLP now owns 31,609 shares of the energy company’s stock worth $123,000 after purchasing an additional 4,243 shares during the last quarter. 7.54% of the stock is currently owned by hedge funds and other institutional investors.

About Lightbridge

(Get Free Report)

Lightbridge Corporation, together with its subsidiaries, develops nuclear fuel technology. It focuses on developing and commercializing metallic nuclear fuels that could enhance resistance of nuclear fuel in existing and new nuclear reactors with a meaningful impact on addressing climate change and air pollution.

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