Lightbridge (NASDAQ:LTBR) Share Price Passes Above 200 Day Moving Average – What’s Next?

Lightbridge Co. (NASDAQ:LTBR) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.65 and traded as high as $12.86. Lightbridge shares last traded at $12.47, with a volume of 1,838,527 shares trading hands.

Lightbridge Price Performance

The stock has a 50 day moving average of $7.70 and a 200 day moving average of $5.73. The firm has a market cap of $178.52 million, a P/E ratio of -15.09 and a beta of 2.26.

Insider Activity

In other news, CFO Larry Goldman sold 3,707 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $7.03, for a total transaction of $26,060.21. Following the completion of the sale, the chief financial officer now directly owns 197,737 shares in the company, valued at approximately $1,390,091.11. This represents a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andrey Mushakov sold 30,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $14.58, for a total transaction of $437,400.00. Following the sale, the executive vice president now owns 159,893 shares of the company’s stock, valued at approximately $2,331,239.94. This represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,943 shares of company stock valued at $1,271,668. 6.50% of the stock is currently owned by insiders.

Institutional Trading of Lightbridge

A number of institutional investors have recently modified their holdings of LTBR. Two Sigma Investments LP purchased a new stake in Lightbridge in the fourth quarter worth about $1,106,000. Renaissance Technologies LLC lifted its holdings in Lightbridge by 785.8% in the fourth 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 during the period. Private Advisor Group LLC purchased a new stake in Lightbridge in the fourth quarter worth about $627,000. Verition Fund Management LLC purchased a new stake in Lightbridge in the third quarter worth about $288,000. Finally, Two Sigma Advisers LP purchased a new stake in Lightbridge in the fourth quarter worth about $466,000. 9.14% of the stock is currently owned by hedge funds and other institutional investors.

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.