Lightbridge Co. (NASDAQ:LTBR) CFO Sells $26,060.21 in Stock

Lightbridge Co. (NASDAQ:LTBR) CFO Larry Goldman sold 3,707 shares of Lightbridge stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $7.03, for a total transaction of $26,060.21. Following the completion of the sale, the chief financial officer now owns 197,737 shares of the company’s stock, valued at $1,390,091.11. This represents a 1.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Lightbridge Trading Down 7.0 %

Shares of LTBR stock opened at $5.41 on Friday. Lightbridge Co. has a 12-month low of $2.21 and a 12-month high of $14.20. The stock has a market capitalization of $85.30 million, a P/E ratio of -7.21 and a beta of 2.19. The firm’s 50 day moving average is $6.08 and its 200 day moving average is $4.46.

Hedge Funds Weigh In On Lightbridge

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp increased its position in Lightbridge by 18.4% during the third quarter. State Street Corp now owns 38,579 shares of the energy company’s stock valued at $108,000 after acquiring an additional 6,000 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of Lightbridge during the 3rd quarter valued at about $288,000. Capital Market Strategies LLC bought a new position in shares of Lightbridge in the 3rd quarter worth approximately $39,000. Virtu Financial LLC boosted its holdings in shares of Lightbridge by 118.8% in the third quarter. Virtu Financial LLC now owns 27,905 shares of the energy company’s stock worth $78,000 after buying an additional 15,150 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Lightbridge during the third quarter valued at approximately $34,000. 9.14% of the stock is currently owned by hedge funds and other 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.