Lightbridge (NASDAQ:LTBR) Trading 11.2% Higher – Here’s What Happened

Lightbridge Corporation (NASDAQ:LTBR) rose 11.2% during mid-day trading on Tuesday . The company traded as high as $16.74 and last traded at $16.6550. Approximately 449,991 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 994,261 shares. The stock had previously closed at $14.98.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lightbridge has an average rating of “Sell”.

Lightbridge Stock Up 12.2%

The stock has a market capitalization of $548.17 million, a PE ratio of -21.01 and a beta of 1.94. The stock’s 50-day moving average is $15.73 and its 200 day moving average is $17.34.

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

Insider Activity at Lightbridge

In related news, EVP Andrey Mushakov sold 30,289 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $16.57, for a total value of $501,888.73. Following the transaction, the executive vice president owned 389,082 shares in the company, valued at approximately $6,447,088.74. This represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sweta Chakraborty sold 1,947 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $12.88, for a total transaction of $25,077.36. Following the transaction, the director directly owned 39,606 shares in the company, valued at approximately $510,125.28. The trade was a 4.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 36,878 shares of company stock valued at $601,198. 5.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lightbridge

A number of large investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. bought a new stake in shares of Lightbridge during the 2nd quarter worth about $26,000. Legal & General Group Plc bought a new stake in shares of Lightbridge in the second quarter valued at approximately $28,000. SBI Securities Co. Ltd. boosted its holdings in Lightbridge by 60.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock valued at $41,000 after purchasing an additional 1,152 shares during the period. Advisory Services Network LLC bought a new stake in shares of Lightbridge in the third quarter valued at about $50,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Lightbridge by 853.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company’s stock worth $52,000 after acquiring an additional 3,507 shares during the period. 9.14% of the stock is currently owned by institutional investors.

Lightbridge Company Profile

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.