Lightbridge (NASDAQ:LTBR) Releases Quarterly Earnings Results

Lightbridge (NASDAQ:LTBR) announced its earnings results on Wednesday. The energy company reported ($0.24) earnings per share for the quarter, Zacks reports.

Lightbridge Price Performance

Lightbridge stock traded up $0.43 during midday trading on Friday, reaching $10.42. The company’s stock had a trading volume of 2,116,719 shares, compared to its average volume of 3,336,121. The stock has a market capitalization of $164.36 million, a P/E ratio of -13.89 and a beta of 2.26. Lightbridge has a 52-week low of $2.21 and a 52-week high of $16.90. The stock’s 50-day simple moving average is $8.11 and its 200-day simple moving average is $5.91.

Insider Buying and Selling at Lightbridge

In related news, CFO Larry Goldman sold 3,707 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $7.03, for a total value of $26,060.21. Following the transaction, the chief financial officer now owns 197,737 shares in the company, valued at approximately $1,390,091.11. This represents a 1.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrey Mushakov sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $14.58, for a total transaction of $437,400.00. Following the transaction, the executive vice president now owns 159,893 shares of the company’s stock, valued at $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. In the last quarter, insiders have sold 117,943 shares of company stock worth $1,271,668. 6.50% of the stock is owned by corporate insiders.

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.