Insider Selling: Lightbridge Co. CFO Sells Shares

On February 12th, 2023, Lightbridge Co. (NASDAQ:LTBR) CFO Larry Goldman executed a sale of 18,303 shares of the company’s stock. The shares were sold at an average price of $14.09, culminating in a total transaction value of $257,889.27. After this sale, Goldman holds a total of 150,900 shares in Lightbridge, which are valued at approximately $2,126,181. This event marks a 10.82% reduction in his ownership stake of the stock. The transaction was duly reported in a filing with the Securities and Exchange Commission (SEC), accessible through the relevant legal channels.

Larry Goldman has been active in trading Lightbridge shares, having also sold other quantities recently. On January 22nd, he sold 20,863 shares at an average price of $7.00, amounting to $146,041.00. Earlier, on January 6th, he sold 3,707 shares at an average price of $7.03 for a total of $26,060.21.

Lightbridge Stock Overview

In the trading session on Friday, Lightbridge shares dropped by $1.63, bringing the price down to $13.56. During this period, 4,880,917 shares changed hands, exceeding the average trading volume of 3,558,191 shares. Over the past year, Lightbridge has experienced a low of $2.21 and a high of $16.90. The company's 50-day simple moving average currently sits at $6.62, while the 200-day moving average is at $5.23. With a market capitalization of $213.84 million, Lightbridge has a price-to-earnings ratio of -18.08 and a beta of 2.26, indicating some volatility in its stock performance.

Recent Institutional Activity

Investment from institutional players has seen notable changes recently. For instance, Renaissance Technologies LLC increased its stake in Lightbridge by a remarkable 785.8% in the last quarter, now holding 212,600 shares valued at $1,006,000 after acquiring an additional 188,600 shares. Private Advisor Group LLC also entered the market, obtaining a new position valued at approximately $627,000. Similarly, Verition Fund Management LLC established a new stake in Lightbridge worth about $288,000 during the third quarter. Furthermore, Northern Trust Corp ramped up its holdings by 65.6%, owning now 73,312 shares valued at $347,000 after acquiring an additional 29,046 shares. This activity underscores the interest of institutions, which currently own 9.14% of the stock in question.

About Lightbridge Corporation

Lightbridge Corporation is involved in the development of advanced nuclear fuel technology and focuses on the commercialization of metallic nuclear fuels. Originally known as Thorium Power, Ltd., the company rebranded as Lightbridge Corporation in September 2009, with its headquarters located in Reston, Virginia.

Insider, Selling, Stocks