Lightbridge Co. (NASDAQ:LTBR) CFO Larry Goldman Sells 3,707 Shares

Lightbridge Co. (NASDAQ:LTBR) CFO Larry Goldman sold 3,707 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $7.03, for a total value of $26,060.21. Following the completion of the sale, the chief financial officer now directly owns 197,737 shares of the company’s stock, valued at $1,390,091.11. The trade was a 1.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Lightbridge Stock Performance

Lightbridge stock opened at $5.98 on Friday. The stock has a market cap of $94.29 million, a PE ratio of -7.97 and a beta of 2.19. The stock has a 50-day moving average of $6.05 and a two-hundred day moving average of $4.48. Lightbridge Co. has a one year low of $2.21 and a one year high of $14.20.

Hedge Funds Weigh In On Lightbridge

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Market Strategies LLC purchased a new position in shares of Lightbridge in the third quarter worth $39,000. Verition Fund Management LLC purchased a new position in Lightbridge in the 3rd quarter worth $288,000. State Street Corp lifted its position in Lightbridge by 18.4% during the 3rd quarter. State Street Corp now owns 38,579 shares of the energy company’s stock worth $108,000 after acquiring an additional 6,000 shares during the period. XTX Topco Ltd purchased a new stake in Lightbridge during the 3rd quarter valued at about $34,000. Finally, Virtu Financial LLC increased its holdings in shares of Lightbridge by 118.8% in the third quarter. Virtu Financial LLC now owns 27,905 shares of the energy company’s stock valued at $78,000 after purchasing an additional 15,150 shares during the period. 9.14% of the stock is 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.