Lightbridge (NASDAQ:LTBR) Shares Down 8.1%

Lightbridge Corp (NASDAQ:LTBR) shares were down 8.1% during mid-day trading on Friday . The stock traded as low as $0.55 and last traded at $0.57, approximately 737,800 shares traded hands during trading. An increase of 241% from the average daily volume of 216,447 shares. The stock had previously closed at $0.62.

The company has a 50 day moving average of $0.69 and a 200-day moving average of $0.74.

Lightbridge (NASDAQ:LTBR) last announced its quarterly earnings data on Wednesday, August 7th. The energy company reported ($0.09) earnings per share (EPS) for the quarter.

A hedge fund recently raised its stake in Lightbridge stock. Pensionmark Financial Group LLC raised its stake in Lightbridge Corp (NASDAQ:LTBR) by 100.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 60,000 shares of the energy company’s stock after buying an additional 30,000 shares during the quarter. Pensionmark Financial Group LLC owned approximately 0.16% of Lightbridge worth $42,000 as of its most recent SEC filing. 6.17% of the stock is currently owned by institutional investors and hedge funds.

About Lightbridge (NASDAQ:LTBR)

Lightbridge Corporation operates as a nuclear fuel technology company worldwide. It operates through two segments, Technology and Consulting. It offers all-metal fuel for operating and new build reactors; all-uranium seed and blanket fuel for existing plants and new build reactors; and thorium-based seed and blanket fuel for existing and new build reactors.

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