Lightbridge (NASDAQ:LTBR) Shares Gap Up – Here’s Why

Shares of Lightbridge Corporation (NASDAQ:LTBR) gapped up before the market opened on Wednesday . The stock had previously closed at $17.17, but opened at $18.37. Lightbridge shares last traded at $18.1650, with a volume of 448,008 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightbridge in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Lightbridge Trading Down 0.7%

The stock has a market cap of $555.82 million, a P/E ratio of -21.41 and a beta of 1.84. The stock’s fifty day moving average price is $15.70 and its 200 day moving average price is $17.11.

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

Insider Transactions at Lightbridge

In other Lightbridge news, Director Sweta Chakraborty sold 1,947 shares of the 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 $510,125.28. This trade represents a 4.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 8,537 shares of company stock valued at $151,380 over the last ninety days. 5.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lightbridge

Institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. purchased a new position in Lightbridge in the 2nd quarter worth $26,000. Legal & General Group Plc bought a new position in shares of Lightbridge during the second quarter valued at about $28,000. SBI Securities Co. Ltd. increased its holdings in shares of Lightbridge by 60.0% in the second quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock worth $41,000 after buying an additional 1,152 shares during the period. Advisory Services Network LLC bought a new stake in shares of Lightbridge in the 3rd quarter valued at about $50,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Lightbridge by 853.3% during 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 last quarter. Hedge funds and other institutional investors own 9.14% of the company’s stock.

About Lightbridge

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.