Lightbridge (NASDAQ:LTBR) Posts Earnings Results

Lightbridge (NASDAQ:LTBR) issued its quarterly earnings data on Monday. The energy company reported ($0.24) earnings per share (EPS) for the quarter, Zacks reports.

Lightbridge Stock Performance

Lightbridge stock opened at $9.59 on Monday. The firm has a market cap of $200.29 million, a price-to-earnings ratio of -12.79 and a beta of 1.75. Lightbridge has a 52-week low of $2.21 and a 52-week high of $16.90. The firm has a 50 day moving average price of $8.38 and a two-hundred day moving average price of $7.90.

Insider Activity

In related news, CFO Larry Goldman sold 18,303 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $14.09, for a total transaction of $257,889.27. Following the sale, the chief financial officer now owns 150,900 shares in the company, valued at $2,126,181. This represents a 10.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrey Mushakov sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $14.58, for a total value of $437,400.00. Following the sale, the executive vice president now directly owns 159,893 shares of the company’s stock, valued at $2,331,239.94. This represents a 15.80% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.50% 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.