Lightbridge (NASDAQ:LTBR) Shares Up 8.7% – Here’s What Happened

Lightbridge Corporation (NASDAQ:LTBR) rose 8.7% during trading on Wednesday . The stock traded as high as $17.60 and last traded at $17.7660. Approximately 611,553 shares were traded during trading, a decline of 32% from the average daily volume of 904,392 shares. The stock had previously closed at $16.35.

Wall Street Analyst Weigh In

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

Lightbridge Price Performance

The stock has a market cap of $573.61 million, a price-to-earnings ratio of -21.99 and a beta of 1.84. The company’s fifty day moving average price is $15.82 and its 200-day moving average price is $16.98.

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

Insider Buying and Selling at Lightbridge

In related news, Director Sweta Chakraborty sold 1,947 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $12.88, for a total value of $25,077.36. Following the transaction, the director directly owned 39,606 shares of the company’s stock, valued at $510,125.28. This represents a 4.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 8,537 shares of company stock worth $151,380 over the last 90 days. 6.50% of the stock is owned by insiders.

Institutional Trading of Lightbridge

Several large investors have recently added to or reduced their stakes in LTBR. LeConte Wealth Management LLC raised its stake in shares of Lightbridge by 9.6% in the fourth quarter. LeConte Wealth Management LLC now owns 12,222 shares of the energy company’s stock worth $154,000 after purchasing an additional 1,068 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings 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 buying an additional 1,152 shares during the period. Rhumbline Advisers raised its position in Lightbridge by 4.9% during the 3rd quarter. Rhumbline Advisers now owns 28,241 shares of the energy company’s stock worth $599,000 after buying an additional 1,325 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Lightbridge during the 2nd quarter worth approximately $26,000. Finally, Legal & General Group Plc acquired a new stake in Lightbridge during the 2nd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 9.14% of the company’s stock.

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.