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

Lightbridge Co. (NASDAQ:LTBR) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.29 and traded as high as $8.44. Lightbridge shares last traded at $7.60, with a volume of 1,055,138 shares.

Lightbridge Stock Performance

The firm has a market cap of $158.73 million, a P/E ratio of -10.13 and a beta of 2.12. The firm has a 50 day simple moving average of $9.50 and a 200 day simple moving average of $7.32.

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

Insider Buying and Selling at Lightbridge

In related news, CFO Larry Goldman sold 20,863 shares of Lightbridge stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $7.00, for a total transaction of $146,041.00. Following the completion of the sale, the chief financial officer now owns 184,456 shares of the company’s stock, valued at approximately $1,291,192. This trade represents a 10.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrey Mushakov sold 45,070 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $8.97, for a total value of $404,277.90. Following the transaction, the executive vice president now owns 189,893 shares of the company’s stock, valued at approximately $1,703,340.21. The trade was a 19.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 114,236 shares of company stock valued at $1,245,608 in the last three months. Company insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Lightbridge

A number of institutional investors and hedge funds have recently bought and sold shares of LTBR. OLD National Bancorp IN purchased a new position in Lightbridge in the 1st quarter worth approximately $82,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Lightbridge in the fourth quarter worth $184,000. Squarepoint Ops LLC bought a new position in Lightbridge in the fourth quarter valued at $55,000. Two Sigma Advisers LP bought a new position in Lightbridge in the fourth quarter valued at $466,000. Finally, Two Sigma Investments LP bought a new stake in Lightbridge during the fourth quarter worth about $1,106,000. 9.14% of the stock is owned by hedge funds and other 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.