Lightbridge (NASDAQ:LTBR) Director Jesse Funches Sells 1,449 Shares

Lightbridge Corporation (NASDAQ:LTBR) Director Jesse Funches sold 1,449 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $16.96, for a total transaction of $24,575.04. Following the completion of the transaction, the director owned 74,022 shares of the company’s stock, valued at $1,255,413.12. This represents a 1.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lightbridge Trading Up 2.5%

Shares of LTBR opened at $16.51 on Friday. Lightbridge Corporation has a twelve month low of $5.01 and a twelve month high of $31.33. The firm has a market capitalization of $538.39 million, a P/E ratio of -20.64 and a beta of 1.84. The firm’s 50-day moving average is $16.25 and its two-hundred day moving average is $16.86.

Lightbridge (NASDAQ:LTBR) last posted its quarterly earnings results on Wednesday, November 5th. The energy company reported ($0.16) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Lightbridge

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new stake in Lightbridge during the 2nd quarter valued at $26,000. Legal & General Group Plc purchased a new stake in shares of Lightbridge in the second quarter valued at $28,000. Advisory Services Network LLC acquired a new stake in shares of Lightbridge during the third quarter valued at $50,000. Russell Investments Group Ltd. purchased a new stake in Lightbridge during the 3rd quarter worth about $53,000. Finally, SBI Securities Co. Ltd. increased its position in Lightbridge by 60.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock worth $41,000 after purchasing an additional 1,152 shares in the last quarter. Hedge funds and other institutional investors own 9.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lightbridge currently has an average rating of “Sell”.

About Lightbridge

Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company’s core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry.

Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators.