Lightbridge (NASDAQ:LTBR) Director Sells $134,850.00 in Stock

Lightbridge Corporation (NASDAQ:LTBR) Director Mark Robert Tobin sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $8.99, for a total transaction of $134,850.00. Following the sale, the director directly owned 66,669 shares of the company’s stock, valued at $599,354.31. The trade was a 18.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Lightbridge Trading Down 3.1%

Shares of NASDAQ:LTBR opened at $8.45 on Friday. The firm has a market cap of $316.54 million, a PE ratio of -10.70 and a beta of 2.14. The company has a fifty day simple moving average of $8.66 and a 200 day simple moving average of $11.11. Lightbridge Corporation has a 12-month low of $6.92 and a 12-month high of $31.33.

Lightbridge (NASDAQ:LTBR) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported ($0.18) EPS for the quarter.

Institutional Investors Weigh In On Lightbridge

Several institutional investors and hedge funds have recently made changes to their positions in LTBR. CrossGen Wealth LLC bought a new position in Lightbridge during the fourth quarter worth $26,000. Federated Hermes Inc. increased its stake in Lightbridge by 266.6% during the fourth quarter. Federated Hermes Inc. now owns 2,086 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,517 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Lightbridge during the second quarter worth $28,000. Advisory Services Network LLC acquired a new stake in shares of Lightbridge during the third quarter worth $50,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Lightbridge during the third quarter worth $53,000. 9.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Lightbridge Company Profile

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.