Traders Buy Large Volume of Call Options on Lightbridge (NASDAQ:LTBR)

Lightbridge Co. (NASDAQ:LTBR) saw unusually large options trading on Monday. Stock investors purchased 1,711 call options on the company. This represents an increase of approximately 463% compared to the typical volume of 304 call options.

Lightbridge Stock Performance

NASDAQ:LTBR traded up $2.08 during mid-day trading on Monday, hitting $9.09. 6,299,751 shares of the stock were exchanged, compared to its average volume of 234,418. The firm’s 50-day simple moving average is $2.86 and its 200 day simple moving average is $2.87. The stock has a market capitalization of $132.71 million, a price-to-earnings ratio of -12.96 and a beta of 2.54. Lightbridge has a fifty-two week low of $2.21 and a fifty-two week high of $9.78.

Lightbridge (NASDAQ:LTBR) last announced its earnings results on Wednesday, July 31st. The energy company reported ($0.17) earnings per share (EPS) for the quarter.

Institutional Trading of Lightbridge

A hedge fund recently bought a new stake in Lightbridge stock. Founders Financial Securities LLC purchased a new position in shares of Lightbridge Co. (NASDAQ:LTBR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,000 shares of the energy company’s stock, valued at approximately $44,000. Founders Financial Securities LLC owned approximately 0.11% of Lightbridge at the end of the most recent reporting period. 9.14% of the stock is owned by institutional investors and hedge funds.

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.