Lightbridge (NASDAQ:LTBR) Director Sells $52,070.04 in Stock

Lightbridge Corporation (NASDAQ:LTBR) Director Sweta Chakraborty sold 1,948 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $26.73, for a total value of $52,070.04. Following the sale, the director owned 43,501 shares in the company, valued at $1,162,781.73. The trade was a 4.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Sweta Chakraborty also recently made the following trade(s):

• On Wednesday, October 8th, Sweta Chakraborty sold 1,246 shares of Lightbridge stock. The stock was sold at an average price of $22.89, for a total transaction of $28,520.94.
• On Friday, August 15th, Sweta Chakraborty sold 20,000 shares of Lightbridge stock. The stock was sold at an average price of $15.15, for a total transaction of $303,000.00.

Lightbridge Trading Down 7.6%

Shares of NASDAQ:LTBR traded down $2.05 on Monday, hitting $24.78. 1,592,516 shares of the company were exchanged, compared to its average volume of 2,081,794. Lightbridge Corporation has a 1-year low of $4.37 and a 1-year high of $31.33. The stock’s 50 day moving average price is $20.00 and its 200 day moving average price is $15.34. The firm has a market capitalization of $642.17 million, a P/E ratio of -29.86 and a beta of 1.93.

Lightbridge (NASDAQ:LTBR) last posted its quarterly earnings data on Monday, August 11th. The energy company reported ($0.16) EPS for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. purchased a new stake in Lightbridge in the 2nd quarter worth approximately $26,000. Legal & General Group Plc purchased a new stake in Lightbridge in the 2nd quarter worth approximately $28,000. Stone House Investment Management LLC purchased a new stake in Lightbridge in the 1st quarter worth approximately $35,000. SBI Securities Co. Ltd. boosted its position in Lightbridge by 60.0% in 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. Finally, Caitong International Asset Management Co. Ltd boosted its position in Lightbridge by 853.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company’s stock worth $52,000 after purchasing an additional 3,507 shares in the last quarter. 9.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightbridge in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lightbridge presently has an average rating of “Sell”.

About Lightbridge

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.