Lightbridge (NASDAQ:LTBR) Posts Quarterly Earnings Results

Lightbridge (NASDAQ:LTBR) released its quarterly earnings results on Wednesday. The energy company reported ($0.24) earnings per share for the quarter, Zacks reports.

Lightbridge Trading Up 7.1 %

NASDAQ LTBR traded up $0.65 during mid-day trading on Wednesday, reaching $9.81. 2,238,017 shares of the company’s stock traded hands, compared to its average volume of 3,350,652. Lightbridge has a 1-year low of $2.21 and a 1-year high of $16.90. The company has a fifty day simple moving average of $7.89 and a 200-day simple moving average of $5.85. The company has a market cap of $154.67 million, a price-to-earnings ratio of -13.08 and a beta of 2.25.

Insider Activity

In related news, CFO Larry Goldman sold 3,707 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $7.03, for a total transaction of $26,060.21. Following the sale, the chief financial officer now owns 197,737 shares in the company, valued at $1,390,091.11. This represents a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrey Mushakov sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $14.58, for a total value of $437,400.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 117,943 shares of company stock worth $1,271,668. 6.50% of the stock is currently owned by insiders.

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.