Lightbridge (NASDAQ:LTBR) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Lightbridge Co. (NASDAQ:LTBR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 Price Performance

The stock has a market cap of $103.90 million, a P/E ratio of -8.79 and a beta of 2.19. The stock’s 50 day simple moving average is $6.46 and its two-hundred day simple moving average is $4.37.

Institutional Investors Weigh In On Lightbridge

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Market Strategies LLC bought a new position in shares of Lightbridge during the 3rd quarter worth approximately $39,000. Verition Fund Management LLC acquired a new position in Lightbridge during the third quarter worth $288,000. State Street Corp grew its position in 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 acquired a new stake in Lightbridge in the 3rd quarter valued at $34,000. Finally, Virtu Financial LLC lifted its position in Lightbridge by 118.8% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 9.14% of the company’s stock.

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.