Lightbridge (NASDAQ:LTBR) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Lightbridge Co. (NASDAQ:LTBR)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.81 and traded as high as $9.40. Lightbridge shares last traded at $8.44, with a volume of 1,422,421 shares.

Lightbridge Stock Down 10.7 %

The stock has a fifty day simple moving average of $9.53 and a 200-day simple moving average of $6.81. The company has a market capitalization of $176.27 million, a P/E ratio of -11.25 and a beta of 2.21.

Lightbridge (NASDAQ:LTBR) last announced its quarterly earnings results on Wednesday, February 26th. The energy company reported ($0.24) earnings per share (EPS) for the quarter.

Insider Activity

In other Lightbridge news, CFO Larry Goldman sold 20,863 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $7.00, for a total transaction of $146,041.00. Following the sale, the chief financial officer now owns 184,456 shares of the company’s stock, valued at $1,291,192. This represents a 10.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrey Mushakov sold 30,000 shares of the business’s 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 completion of the transaction, the executive vice president now directly 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 90 days, insiders sold 117,943 shares of company stock worth $1,271,668. Insiders own 6.50% of the company’s stock.

Institutional Trading of Lightbridge

A number of hedge funds and other institutional investors have recently modified their holdings of LTBR. NewEdge Advisors LLC acquired a new position in Lightbridge during the 4th quarter worth $38,000. Evanson Asset Management LLC bought a new stake in shares of Lightbridge during the fourth quarter worth $47,000. Squarepoint Ops LLC acquired a new position in shares of Lightbridge during the fourth quarter valued at $55,000. Pilgrim Partners Asia Pte Ltd bought a new position in Lightbridge in the fourth quarter valued at about $56,000. Finally, XTX Topco Ltd acquired a new stake in Lightbridge in the third quarter worth about $34,000. Institutional investors and hedge funds own 9.14% of the company’s stock.

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.