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 the stock in a transaction dated 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 directly owns 189,893 shares of the company’s stock, valued at $1,703,340.21. This represents a 19.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Lightbridge Stock Down 21.0 %

NASDAQ:LTBR opened at $8.03 on Friday. The business’s 50 day moving average is $5.72 and its two-hundred day moving average is $4.67. Lightbridge Co. has a 52 week low of $2.21 and a 52 week high of $14.20. The company has a market cap of $126.61 million, a PE ratio of -10.71 and a beta of 2.19.

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

Institutional Trading of Lightbridge

Institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in shares of Lightbridge during the 3rd quarter worth approximately $34,000. Capital Market Strategies LLC acquired a new stake in Lightbridge in the 3rd quarter valued at approximately $39,000. Evanson Asset Management LLC acquired a new stake in Lightbridge in the 4th quarter valued at approximately $47,000. Virtu Financial LLC increased its position in Lightbridge by 118.8% in the 3rd quarter. Virtu Financial LLC now owns 27,905 shares of the energy company’s stock valued at $78,000 after acquiring an additional 15,150 shares during the period. Finally, State Street Corp increased its position in Lightbridge by 18.4% in the 3rd quarter. State Street Corp now owns 38,579 shares of the energy company’s stock valued at $108,000 after acquiring an additional 6,000 shares during the period. 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.