Lightbridge (NASDAQ:LTBR) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Lightbridge Co. (NASDAQ:LTBR) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.70 and traded as high as $6.56. Lightbridge shares last traded at $6.19, with a volume of 1,379,270 shares trading hands.

Lightbridge Stock Performance

The firm’s fifty day simple moving average is $5.40 and its 200 day simple moving average is $3.74. The stock has a market capitalization of $107.39 million, a price-to-earnings ratio of -8.55 and a beta of 2.21.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LTBR. Capital Market Strategies LLC acquired a new stake in shares of Lightbridge in the 3rd quarter valued at $39,000. State Street Corp grew its stake in shares of Lightbridge by 18.4% in the third quarter. State Street Corp now owns 38,579 shares of the energy company’s stock worth $108,000 after purchasing an additional 6,000 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Lightbridge in the third quarter valued at about $34,000. Virtu Financial LLC increased its position in Lightbridge by 118.8% during the 3rd quarter. Virtu Financial LLC now owns 27,905 shares of the energy company’s stock valued at $78,000 after purchasing an additional 15,150 shares during the period. Finally, Verition Fund Management LLC bought a new position in Lightbridge during the third quarter worth $288,000. 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.