Lightbridge (NASDAQ:LTBR) Posts Earnings Results

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

Lightbridge Stock Up 7.1 %

Shares of LTBR opened at $9.81 on Thursday. Lightbridge has a 12-month low of $2.21 and a 12-month high of $16.90. The firm has a market capitalization of $154.67 million, a price-to-earnings ratio of -13.08 and a beta of 2.25. The stock’s 50-day moving average price is $7.89 and its 200 day moving average price is $5.85.

Insider Activity at Lightbridge

In related news, EVP Andrey Mushakov sold 45,070 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $8.97, for a total transaction of $404,277.90. Following the transaction, the executive vice president now directly owns 189,893 shares in the company, valued at $1,703,340.21. The trade was a 19.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Larry Goldman sold 3,707 shares of Lightbridge 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 sale, the chief financial officer now directly owns 197,737 shares in the company, valued at $1,390,091.11. The trade was a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,943 shares of company stock worth $1,271,668 over the last three months. Company insiders own 6.50% 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.