Lightbridge Target of Unusually High Options Trading (NASDAQ:LTBR)

Lightbridge Co. (NASDAQ:LTBR) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 7,601 call options on the company. This represents an increase of approximately 154% compared to the average volume of 2,992 call options.

Insider Buying and Selling at Lightbridge

In other news, CFO Larry Goldman sold 3,707 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $7.03, for a total value of $26,060.21. Following the completion of the transaction, the chief financial officer now directly owns 197,737 shares in the company, valued at $1,390,091.11. This trade represents a 1.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Andrey Mushakov sold 45,070 shares of Lightbridge stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $8.97, for a total value of $404,277.90. Following the sale, the executive vice president now directly owns 189,893 shares of the company’s stock, valued at $1,703,340.21. This trade represents a 19.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,640 shares of company stock worth $576,379. 6.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lightbridge

A number of institutional investors have recently modified their holdings of LTBR. Capital Market Strategies LLC raised its position in Lightbridge by 42.5% during the fourth quarter. Capital Market Strategies LLC now owns 19,950 shares of the energy company’s stock valued at $94,000 after acquiring an additional 5,950 shares in the last quarter. State Street Corp grew its stake in shares of Lightbridge by 18.4% during the 3rd quarter. State Street Corp now owns 38,579 shares of the energy company’s stock worth $108,000 after purchasing an additional 6,000 shares during the period. Geode Capital Management LLC increased its holdings in shares of Lightbridge by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company’s stock valued at $813,000 after purchasing an additional 6,830 shares in the last quarter. Evanson Asset Management LLC acquired a new position in shares of Lightbridge in the 4th quarter valued at $47,000. Finally, XTX Topco Ltd purchased a new stake in Lightbridge during the third quarter worth $34,000. Hedge funds and other institutional investors own 9.14% of the company’s stock.

Lightbridge Price Performance

NASDAQ LTBR opened at $14.60 on Thursday. Lightbridge has a 1 year low of $2.21 and a 1 year high of $14.66. The company has a market capitalization of $230.24 million, a PE ratio of -19.47 and a beta of 2.26. The company has a fifty day moving average of $6.44 and a 200 day moving average of $5.16.

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.