Lightbridge (NASDAQ:LTBR) Announces Quarterly Earnings Results

Lightbridge (NASDAQ:LTBR) posted its quarterly earnings data on Wednesday. The energy company reported ($0.24) EPS for the quarter, Zacks reports.

Lightbridge Price Performance

LTBR stock traded up $0.65 on Wednesday, reaching $9.81. 2,238,017 shares of the company were exchanged, compared to its average volume of 3,350,652. The stock’s fifty day moving average price is $7.89 and its 200 day moving average price is $5.85. Lightbridge has a 12 month low of $2.21 and a 12 month high of $16.90. The firm has a market capitalization of $154.67 million, a PE ratio of -13.08 and a beta of 2.25.

Insider Activity

In other Lightbridge news, CFO Larry Goldman sold 3,707 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $7.03, for a total value of $26,060.21. Following the sale, the chief financial officer now owns 197,737 shares of the company’s stock, valued at $1,390,091.11. The trade was a 1.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Andrey Mushakov sold 30,000 shares of the 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 $2,331,239.94. This trade represents a 15.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,943 shares of company stock valued at $1,271,668. Insiders own 6.50% 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.