Lightbridge (NASDAQ:LTBR) Posts Earnings Results

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

Lightbridge Stock Up 4.3 %

NASDAQ LTBR traded up $0.43 during trading hours on Friday, reaching $10.42. The company’s stock had a trading volume of 2,116,719 shares, compared to its average volume of 3,336,121. Lightbridge has a 1 year low of $2.21 and a 1 year high of $16.90. The firm’s 50-day moving average price is $8.11 and its 200-day moving average price is $5.91. The company has a market capitalization of $164.36 million, a price-to-earnings ratio of -13.89 and a beta of 2.26.

Insider Buying and Selling

In related news, CFO Larry Goldman sold 20,863 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $7.00, for a total value of $146,041.00. Following the sale, the chief financial officer now directly owns 184,456 shares of the company’s stock, valued at $1,291,192. This represents a 10.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrey Mushakov sold 45,070 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $8.97, for a total value of $404,277.90. Following the transaction, the executive vice president now owns 189,893 shares of the company’s stock, valued at approximately $1,703,340.21. The trade was a 19.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,943 shares of company stock worth $1,271,668. 6.50% of the stock is owned by insiders.

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.