Lightbridge (NASDAQ:LTBR) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Lightbridge Co. (NASDAQ:LTBR)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.65 and traded as high as $12.86. Lightbridge shares last traded at $12.47, with a volume of 1,838,527 shares trading hands.

Lightbridge Price Performance

The stock has a 50-day moving average of $7.57 and a two-hundred day moving average of $5.65.

Insider Activity at Lightbridge

In related news, CFO Larry Goldman sold 18,303 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $14.09, for a total value of $257,889.27. Following the completion of the transaction, the chief financial officer now owns 150,900 shares in the company, valued at $2,126,181. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Andrey Mushakov sold 45,070 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $8.97, for a total value of $404,277.90. Following the completion of the transaction, the executive vice president now owns 189,893 shares of the company’s stock, valued at $1,703,340.21. This trade represents a 19.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,943 shares of company stock worth $1,271,668 in the last quarter. 6.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lightbridge

Institutional investors have recently bought and sold shares of the business. State Street Corp boosted 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. Verition Fund Management LLC acquired a new stake in Lightbridge during the 3rd quarter worth about $288,000. Virtu Financial LLC boosted its position in Lightbridge by 118.8% during the 3rd quarter. Virtu Financial LLC now owns 27,905 shares of the energy company’s stock worth $78,000 after acquiring an additional 15,150 shares during the period. XTX Topco Ltd acquired a new stake in Lightbridge during the 3rd quarter worth about $34,000. Finally, Evanson Asset Management LLC acquired a new stake in Lightbridge during the 4th quarter worth about $47,000. 9.14% of the stock is currently owned by institutional investors and hedge funds.

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.