Andrey Mushakov Sells 45,070 Shares of Lightbridge Co. (NASDAQ:LTBR) Stock

Lightbridge Co. (NASDAQ:LTBR) EVP Andrey Mushakov sold 45,070 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $8.97, for a total value of $404,277.90. Following the sale, the executive vice president now owns 189,893 shares of the company’s stock, valued at $1,703,340.21. This represents a 19.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lightbridge Price Performance

Shares of NASDAQ LTBR opened at $8.03 on Friday. Lightbridge Co. has a 1-year low of $2.21 and a 1-year high of $14.20. The business has a 50-day moving average of $5.72 and a 200-day moving average of $4.67. The company has a market capitalization of $126.61 million, a price-to-earnings ratio of -10.71 and a beta of 2.19.

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

Institutional Investors Weigh In On Lightbridge

Several institutional investors and hedge funds have recently modified their holdings of LTBR. Verition Fund Management LLC purchased a new stake in shares of Lightbridge in the third quarter worth about $288,000. Virtu Financial LLC boosted its position 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 worth $78,000 after buying an additional 15,150 shares during the period. Capital Market Strategies LLC purchased a new position in Lightbridge in the third quarter valued at about $39,000. XTX Topco Ltd purchased a new position in Lightbridge in the third quarter valued at about $34,000. Finally, Evanson Asset Management LLC purchased a new position in Lightbridge in the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 9.14% of the company’s stock.

About Lightbridge

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.