Insider Selling: Lightbridge Co. (NASDAQ:LTBR) CFO Sells 20,863 Shares of Stock

Lightbridge Co. (NASDAQ:LTBR) CFO Larry Goldman sold 20,863 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $7.00, for a total transaction of $146,041.00. Following the completion of the transaction, the chief financial officer now owns 184,456 shares in the company, valued at approximately $1,291,192. The trade was a 10.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Larry Goldman also recently made the following trade(s):

• On Monday, January 6th, Larry Goldman sold 3,707 shares of Lightbridge stock. The stock was sold at an average price of $7.03, for a total value of $26,060.21.

Lightbridge Stock Performance

Shares of LTBR stock traded down $2.13 during trading hours on Friday, hitting $8.03. 7,157,285 shares of the company were exchanged, compared to its average volume of 2,458,615. Lightbridge Co. has a fifty-two week low of $2.21 and a fifty-two week high of $14.20. The company has a 50 day simple moving average of $5.64 and a two-hundred day simple moving average of $4.60. The firm has a market cap of $126.63 million, a P/E ratio of -10.71 and a beta of 2.19.

Lightbridge (NASDAQ:LTBR) last released its quarterly earnings data on Thursday, October 31st. The energy company reported ($0.19) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Lightbridge

Several hedge funds and other institutional investors have recently modified their holdings of LTBR. XTX Topco Ltd acquired a new position in shares of Lightbridge during the third quarter worth approximately $34,000. Capital Market Strategies LLC acquired a new position in Lightbridge during the third quarter worth $39,000. Evanson Asset Management LLC bought a new position in shares of Lightbridge in the fourth quarter valued at $47,000. Virtu Financial LLC grew its holdings in shares of Lightbridge by 118.8% during the third quarter. Virtu Financial LLC now owns 27,905 shares of the energy company’s stock valued at $78,000 after buying an additional 15,150 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Lightbridge by 18.4% during the third quarter. State Street Corp now owns 38,579 shares of the energy company’s stock valued at $108,000 after buying an additional 6,000 shares during the last quarter. Institutional investors 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.