Lightbridge (NASDAQ:LTBR) Trading Up 11.2% – Here’s What Happened

Lightbridge Corporation (NASDAQ:LTBR) shares traded up 11.2% during mid-day trading on Tuesday . The stock traded as high as $16.74 and last traded at $16.6550. 449,991 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 994,261 shares. The stock had previously closed at $14.98.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Lightbridge Stock Performance

The stock has a fifty day moving average price of $15.71 and a 200-day moving average price of $17.31. The firm has a market cap of $440.56 million, a PE ratio of -16.89 and a beta of 1.94.

Lightbridge (NASDAQ:LTBR) last posted its quarterly earnings results on Wednesday, November 5th. The energy company reported ($0.16) EPS for the quarter.

Insiders Place Their Bets

In other news, EVP Andrey Mushakov sold 30,289 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $16.57, for a total value of $501,888.73. Following the completion of the sale, the executive vice president owned 389,082 shares of the company’s stock, valued at $6,447,088.74. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sweta Chakraborty sold 1,947 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $12.88, for a total value of $25,077.36. Following the completion of the sale, the director owned 39,606 shares of the company’s stock, valued at approximately $510,125.28. This trade represents a 4.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 36,878 shares of company stock valued at $601,198. 6.50% of the stock is owned by corporate insiders.

Institutional Trading of Lightbridge

A number of hedge funds have recently made changes to their positions in LTBR. Ameritas Investment Partners Inc. acquired a new stake in Lightbridge in the second quarter valued at $26,000. Legal & General Group Plc acquired a new stake in shares of Lightbridge in the 2nd quarter valued at about $28,000. SBI Securities Co. Ltd. raised its stake in shares of Lightbridge by 60.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock valued at $41,000 after purchasing an additional 1,152 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Lightbridge during the third quarter valued at approximately $50,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Lightbridge by 853.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company’s stock valued at $52,000 after acquiring an additional 3,507 shares in the last quarter. Institutional investors and hedge funds own 9.14% of the company’s stock.

About Lightbridge

Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company’s core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry.

Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators.