Lightbridge (NASDAQ:LTBR) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Lightbridge Co. (NASDAQ:LTBR) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.65 and traded as high as $12.86. Lightbridge shares last traded at $12.47, with a volume of 1,838,527 shares.

Lightbridge Stock Performance

The stock has a 50 day moving average price of $7.57 and a two-hundred day moving average price of $5.65.

Insider Transactions at Lightbridge

In related news, EVP Andrey Mushakov sold 45,070 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $8.97, for a total value of $404,277.90. Following the transaction, the executive vice president now directly owns 189,893 shares of the company’s stock, valued at approximately $1,703,340.21. This trade represents a 19.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, 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 sold 117,943 shares of company stock valued at $1,271,668 in the last three months. Corporate insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new position in shares of Lightbridge in the 4th quarter valued at approximately $38,000. Evanson Asset Management LLC bought a new position in shares of Lightbridge in the 4th quarter valued at approximately $47,000. Squarepoint Ops LLC bought a new position in shares of Lightbridge in the 4th quarter valued at approximately $55,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Lightbridge in the 4th quarter valued at approximately $56,000. Finally, XTX Topco Ltd bought a new position in shares of Lightbridge in the 3rd quarter valued at approximately $34,000. 9.14% of the stock is owned by institutional investors.

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.