Lightbridge (NASDAQ:LTBR) EVP Sells $352,663.92 in Stock

Lightbridge Corporation (NASDAQ:LTBR) EVP Andrey Mushakov sold 17,598 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $20.04, for a total transaction of $352,663.92. Following the completion of the transaction, the executive vice president owned 395,699 shares of the company’s stock, valued at approximately $7,929,807.96. This represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lightbridge Stock Up 4.2%

NASDAQ:LTBR opened at $19.44 on Friday. The stock has a market capitalization of $503.88 million, a PE ratio of -23.42 and a beta of 1.89. The stock’s 50-day moving average price is $15.14 and its 200-day moving average price is $12.34. Lightbridge Corporation has a 52 week low of $2.58 and a 52 week high of $21.70.

Lightbridge (NASDAQ:LTBR) last posted its quarterly earnings data on Monday, August 11th. The energy company reported ($0.16) EPS for the quarter.

Hedge Funds Weigh In On Lightbridge

Hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new stake in shares of Lightbridge in the second quarter worth approximately $7,856,000. Geode Capital Management LLC raised its position in shares of Lightbridge by 166.3% in the second quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock valued at $6,336,000 after buying an additional 295,890 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Lightbridge in the fourth quarter worth about $1,106,000. Baird Financial Group Inc. acquired a new position in Lightbridge during the second quarter worth about $3,102,000. Finally, BNP Paribas Financial Markets acquired a new position in Lightbridge during the second quarter worth about $2,484,000. 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.