Stock Traders Buy Large Volume of Lightbridge Call Options (NASDAQ:LTBR)

Lightbridge Co. (NASDAQ:LTBR) was the recipient of unusually large options trading activity on Monday. Investors purchased 1,711 call options on the company. This represents an increase of 463% compared to the typical daily volume of 304 call options.

Lightbridge Trading Up 29.7 %

LTBR stock traded up $2.08 during mid-day trading on Monday, hitting $9.09. The stock had a trading volume of 6,299,751 shares, compared to its average volume of 234,418. The firm has a fifty day simple moving average of $2.86 and a 200 day simple moving average of $2.87. Lightbridge has a 52 week low of $2.21 and a 52 week high of $9.78. The firm has a market capitalization of $132.71 million, a P/E ratio of -12.96 and a beta of 2.54.

Lightbridge (NASDAQ:LTBR) last issued its earnings results on Wednesday, July 31st. The energy company reported ($0.17) earnings per share for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lightbridge stock. Capital Market Strategies LLC bought a new stake in Lightbridge Co. (NASDAQ:LTBR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,000 shares of the energy company’s stock, valued at approximately $39,000. Capital Market Strategies LLC owned approximately 0.10% of Lightbridge at the end of the most recent reporting period. 9.14% of the stock is currently owned by institutional investors and hedge funds.

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.