Lightbridge (NASDAQ:LTBR) Director Mark Robert Tobin Sells 15,000 Shares

Lightbridge Corporation (NASDAQ:LTBR) Director Mark Robert Tobin sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $8.99, for a total transaction of $134,850.00. Following the sale, the director directly owned 66,669 shares of the company’s stock, valued at approximately $599,354.31. This trade represents a 18.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Lightbridge Trading Down 1.9%

NASDAQ:LTBR traded down $0.17 during mid-day trading on Wednesday, hitting $8.89. The company had a trading volume of 463,961 shares, compared to its average volume of 920,658. The business has a fifty day simple moving average of $8.77 and a 200-day simple moving average of $11.26. Lightbridge Corporation has a 1 year low of $6.92 and a 1 year high of $31.33. The firm has a market capitalization of $333.02 million, a price-to-earnings ratio of -11.25 and a beta of 2.14.

Lightbridge (NASDAQ:LTBR) last issued its earnings results on Wednesday, August 5th. The energy company reported ($0.18) earnings per share for the quarter.

Institutional Trading of Lightbridge

Large investors have recently modified their holdings of the business. Tortoise Investment Management LLC acquired a new stake in shares of Lightbridge during the second quarter valued at about $1,898,000. BlackRock Inc. acquired a new position in shares of Lightbridge in the second quarter worth about $22,580,000. Deutsche Bank AG purchased a new position in Lightbridge in the second quarter valued at about $295,000. Bank of New York Mellon Corp purchased a new position in Lightbridge in the second quarter valued at about $752,000. Finally, Pacer Advisors Inc. grew its stake in Lightbridge by 17.8% during the 1st quarter. Pacer Advisors Inc. now owns 164,452 shares of the energy company’s stock valued at $1,753,000 after purchasing an additional 24,863 shares in the last quarter. 9.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.