Lightbridge (NASDAQ:LTBR) Trading 8.7% Higher – Here’s Why

by · The Cerbat Gem

Lightbridge Corporation (NASDAQ:LTBR – Get Free Report) shares were up 8.7% on Wednesday . The company traded as high as $17.60 and last traded at $17.7660. Approximately 611,553 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 904,392 shares. The stock had previously closed at $16.35.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightbridge has a consensus rating of “Sell”.

Read Our Latest Stock Report on LTBR

Lightbridge Stock Up 9.3%

The stock’s fifty day moving average price is $15.96 and its two-hundred day moving average price is $16.94. The company has a market capitalization of $582.77 million, a PE ratio of -22.31 and a beta of 1.84.

Lightbridge (NASDAQ:LTBR – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The energy company reported ($0.16) earnings per share (EPS) for the quarter.

Insider Transactions at Lightbridge

In other Lightbridge news, Director Sweta Chakraborty sold 1,947 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $12.88, for a total value of $25,077.36. Following the completion of the sale, the director directly owned 39,606 shares of the company’s stock, valued at $510,125.28. This trade represents a 4.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 8,537 shares of company stock worth $151,380. Insiders own 5.80% of the company’s stock.

Institutional Trading of Lightbridge

A number of institutional investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC acquired a new position in Lightbridge in the 2nd quarter valued at about $7,856,000. Ameriprise Financial Inc. purchased a new position in Lightbridge during the 3rd quarter worth $11,952,000. BNP Paribas Financial Markets increased its stake in shares of Lightbridge by 168.2% during the third quarter. BNP Paribas Financial Markets now owns 498,415 shares of the energy company’s stock worth $10,571,000 after acquiring an additional 312,605 shares during the period. Geode Capital Management LLC raised its holdings in Lightbridge by 166.3% during the second quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock worth $6,336,000 after purchasing an additional 295,890 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Lightbridge by 93.1% in the 3rd quarter. Two Sigma Investments LP now owns 592,030 shares of the energy company’s stock valued at $12,557,000 after purchasing an additional 285,471 shares in the last quarter. 9.14% of the stock is owned by hedge funds and other institutional investors.

Lightbridge Company Profile

(Get Free Report)

Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company’s core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry.

Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators.

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