Lightbridge (NASDAQ:LTBR) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Lightbridge Co. (NASDAQ:LTBR)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.37 and traded as high as $6.85. Lightbridge shares last traded at $6.59, with a volume of 2,562,700 shares.

Lightbridge Stock Performance

The company has a market capitalization of $103.90 million, a P/E ratio of -8.79 and a beta of 2.19. The stock’s fifty day moving average price is $6.46 and its 200-day moving average price is $4.37.

Institutional Trading of Lightbridge

Several institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in shares of Lightbridge during the 3rd quarter worth about $34,000. Capital Market Strategies LLC bought a new position in Lightbridge in the 3rd quarter valued at about $39,000. Virtu Financial LLC lifted its position in Lightbridge by 118.8% during the third quarter. Virtu Financial LLC now owns 27,905 shares of the energy company’s stock worth $78,000 after acquiring an additional 15,150 shares during the last quarter. State Street Corp boosted its holdings in shares of Lightbridge by 18.4% during the third quarter. State Street Corp now owns 38,579 shares of the energy company’s stock worth $108,000 after acquiring an additional 6,000 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Lightbridge in the third quarter valued at approximately $288,000. Institutional investors own 9.14% of the company’s stock.

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.