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

Lightbridge Co. (NASDAQ:LTBR) saw some unusual options trading on Wednesday. Stock investors bought 7,601 call options on the stock. This is an increase of 154% compared to the average volume of 2,992 call options.

Insider Buying and Selling at Lightbridge

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

Institutional Trading of Lightbridge

Institutional investors have recently made changes to their positions in the company. Verition Fund Management LLC purchased a new position in Lightbridge in the 3rd quarter valued at $288,000. State Street Corp grew its position in shares of Lightbridge by 18.4% in the third quarter. State Street Corp now owns 38,579 shares of the energy company’s stock valued at $108,000 after purchasing an additional 6,000 shares in the last quarter. XTX Topco Ltd purchased a new position in Lightbridge during the third quarter worth approximately $34,000. Virtu Financial LLC boosted its stake 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 buying an additional 15,150 shares during the last quarter. Finally, Capital Market Strategies LLC grew its holdings in Lightbridge by 42.5% in the 4th quarter. Capital Market Strategies LLC now owns 19,950 shares of the energy company’s stock valued at $94,000 after buying an additional 5,950 shares in the last quarter. 9.14% of the stock is owned by institutional investors and hedge funds.

Lightbridge Trading Up 34.7 %

LTBR stock opened at $14.60 on Thursday. Lightbridge has a 12-month low of $2.21 and a 12-month high of $14.66. The business’s 50-day moving average is $6.44 and its 200 day moving average is $5.16. The stock has a market cap of $230.24 million, a price-to-earnings ratio of -19.47 and a beta of 2.26.

Lightbridge Company Profile

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.