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

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 shares were sold at an average price of $7.03, for a total value of $26,060.21. Following the transaction, the chief financial officer now directly owns 197,737 shares of the company’s stock, valued at approximately $1,390,091.11. This trade represents a 1.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lightbridge Trading Down 7.0 %

Lightbridge stock opened at $5.41 on Friday. Lightbridge Co. has a 12 month low of $2.21 and a 12 month high of $14.20. The business’s fifty day simple moving average is $6.08 and its two-hundred day simple moving average is $4.46. The company has a market capitalization of $85.30 million, a price-to-earnings ratio of -7.21 and a beta of 2.19.

Hedge Funds Weigh In On Lightbridge

Hedge funds have recently bought and sold shares of the company. Capital Market Strategies LLC purchased a new position in Lightbridge in the third quarter worth about $39,000. Verition Fund Management LLC purchased a new position in Lightbridge in the 3rd quarter worth approximately $288,000. State Street Corp lifted 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 in the last quarter. XTX Topco Ltd purchased a new stake in Lightbridge during the 3rd quarter valued at $34,000. Finally, Virtu Financial LLC increased its holdings in shares of 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 purchasing an additional 15,150 shares in the last quarter. 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.