Lightbridge (NASDAQ:LTBR) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Lightbridge Corporation (NASDAQ:LTBR)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.31 and traded as high as $14.09. Lightbridge shares last traded at $13.56, with a volume of 988,181 shares traded.

Lightbridge Stock Down 1.8%

The company has a market capitalization of $311.61 million, a PE ratio of -16.14 and a beta of 1.83. The company has a 50-day moving average price of $11.94 and a two-hundred day moving average price of $9.31.

Lightbridge (NASDAQ:LTBR) last posted its earnings results on Monday, May 12th. The energy company reported ($0.24) earnings per share for the quarter.

Insider Activity at Lightbridge

In related news, Director Jesse L. Funches sold 6,250 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $9.75, for a total value of $60,937.50. Following the sale, the director now owns 46,288 shares in the company, valued at approximately $451,308. This trade represents a 11.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.50% of the stock is owned by corporate insiders.

Institutional Trading of Lightbridge

Several institutional investors and hedge funds have recently modified their holdings of LTBR. Two Sigma Investments LP bought a new position in shares of Lightbridge in the fourth quarter worth approximately $1,106,000. Northern Trust Corp lifted its position in Lightbridge by 65.6% during the fourth quarter. Northern Trust Corp now owns 73,312 shares of the energy company’s stock valued at $347,000 after purchasing an additional 29,046 shares during the last quarter. Renaissance Technologies LLC grew its stake in Lightbridge by 785.8% in the 4th quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company’s stock worth $1,006,000 after buying an additional 188,600 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Lightbridge in the 4th quarter worth $55,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Lightbridge during the 4th quarter valued at $627,000. Hedge funds and other institutional investors 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.