Insider Selling: Lightbridge Co. (NASDAQ:LTBR) EVP Sells 45,070 Shares of Stock

Lightbridge Co. (NASDAQ:LTBR) EVP Andrey Mushakov sold 45,070 shares of Lightbridge stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $8.97, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link.

Lightbridge Stock Down 21.0 %

LTBR stock traded down $2.13 during midday trading on Friday, reaching $8.03. 7,157,285 shares of the company’s stock traded hands, compared to its average volume of 2,458,615. The company has a market cap of $126.63 million, a price-to-earnings ratio of -10.71 and a beta of 2.19. The company has a 50-day simple moving average of $5.64 and a two-hundred day simple moving average of $4.60. Lightbridge Co. has a 1-year low of $2.21 and a 1-year high of $14.20.

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

Institutional Trading of Lightbridge

A number of hedge funds and other institutional investors have recently modified their holdings of LTBR. Verition Fund Management LLC bought a new stake in shares of Lightbridge during the 3rd quarter valued at $288,000. State Street Corp lifted its stake in Lightbridge by 18.4% in 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 period. Virtu Financial LLC lifted its stake in Lightbridge by 118.8% in 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 period. Capital Market Strategies LLC boosted its holdings in Lightbridge by 42.5% during the fourth quarter. Capital Market Strategies LLC now owns 19,950 shares of the energy company’s stock worth $94,000 after buying an additional 5,950 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Lightbridge during the 3rd quarter worth about $34,000. Institutional investors and hedge funds 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.