Lightbridge Co. (NASDAQ:LTBR) CFO Larry Goldman Sells 3,707 Shares

Lightbridge Co. (NASDAQ:LTBR) CFO Larry Goldman sold 3,707 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $7.03, for a total value of $26,060.21. Following the sale, the chief financial officer now directly owns 197,737 shares of the company’s stock, valued at $1,390,091.11. This represents a 1.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Lightbridge Stock Performance

LTBR stock traded down $0.41 during midday trading on Wednesday, reaching $5.41. The company’s stock had a trading volume of 738,578 shares, compared to its average volume of 1,395,189. Lightbridge Co. has a 1 year low of $2.21 and a 1 year high of $14.20. The firm has a market capitalization of $85.30 million, a price-to-earnings ratio of -7.21 and a beta of 2.19. The stock has a fifty day simple moving average of $6.27 and a two-hundred day simple moving average of $4.44.

Institutional Trading of Lightbridge

Hedge funds have recently bought and sold shares of the stock. Capital Market Strategies LLC purchased a new position in Lightbridge in the third quarter valued at about $39,000. Verition Fund Management LLC acquired a new stake in shares of Lightbridge during the third quarter worth $288,000. State Street Corp grew its holdings in shares of Lightbridge by 18.4% during 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 last quarter. XTX Topco Ltd acquired a new position in shares of Lightbridge in the 3rd quarter valued at $34,000. Finally, Virtu Financial LLC raised its stake in Lightbridge by 118.8% in 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 last quarter. Hedge funds and other institutional investors 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.