Lightbridge (NASDAQ:LTBR) Issues Earnings Results

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

Lightbridge Price Performance

Shares of LTBR opened at $9.81 on Thursday. The company has a market capitalization of $154.67 million, a P/E ratio of -13.08 and a beta of 2.25. Lightbridge has a one year low of $2.21 and a one year high of $16.90. The business’s 50 day simple moving average is $7.89 and its 200-day simple moving average is $5.85.

Insider Transactions at Lightbridge

In other news, EVP Andrey Mushakov sold 45,070 shares of the business’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 $1,703,340.21. The trade was a 19.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Larry Goldman sold 20,863 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $7.00, for a total value of $146,041.00. Following the completion of the transaction, the chief financial officer now directly owns 184,456 shares in the company, valued at $1,291,192. The trade was a 10.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,943 shares of company stock valued at $1,271,668 in the last three months. 6.50% of the stock is owned by corporate 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.