Lightbridge (NASDAQ:LTBR) EVP Sells $501,888.73 in Stock

Lightbridge Corporation (NASDAQ:LTBR) EVP Andrey Mushakov sold 30,289 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $16.57, for a total transaction of $501,888.73. Following the completion of the transaction, the executive vice president directly owned 389,082 shares of the company’s stock, valued at $6,447,088.74. This trade represents a 7.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lightbridge Trading Down 6.8%

NASDAQ:LTBR traded down $1.13 during trading hours on Friday, hitting $15.39. 974,327 shares of the company were exchanged, compared to its average volume of 1,034,478. Lightbridge Corporation has a one year low of $6.10 and a one year high of $31.33. The company has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $17.29. The stock has a market capitalization of $501.85 million, a price-to-earnings ratio of -19.24 and a beta of 1.84.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Lightbridge in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Lightbridge

Several large investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Lightbridge during the 2nd quarter worth $26,000. Legal & General Group Plc acquired a new position in Lightbridge in the second quarter valued at approximately $28,000. SBI Securities Co. Ltd. increased its stake in shares of Lightbridge by 60.0% in the second quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock valued at $41,000 after purchasing an additional 1,152 shares during the period. Advisory Services Network LLC acquired a new position in shares of Lightbridge during the third quarter valued at approximately $50,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Lightbridge by 853.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company’s stock worth $52,000 after buying an additional 3,507 shares during the last quarter. 9.14% of the stock is owned by institutional investors.

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.