Traders Purchase High Volume of Call Options on Lightbridge (NASDAQ:LTBR)

Lightbridge Co. (NASDAQ:LTBR) saw some unusual options trading activity on Wednesday. Investors purchased 7,601 call options on the stock. This is an increase of approximately 154% compared to the typical volume of 2,992 call options.

Insider Activity

In other news, EVP Andrey Mushakov sold 45,070 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $8.97, for a total value of $404,277.90. Following the completion of the transaction, the executive vice president now owns 189,893 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this link. Also, CFO Larry Goldman sold 3,707 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $7.03, for a total value of $26,060.21. Following the transaction, the chief financial officer now directly owns 197,737 shares in the company, valued at $1,390,091.11. This trade represents a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,640 shares of company stock valued at $576,379. 6.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lightbridge

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in shares of Lightbridge in the 4th quarter worth approximately $627,000. Verition Fund Management LLC bought a new position in shares of Lightbridge in the third quarter valued at $288,000. State Street Corp lifted its position in shares of Lightbridge by 18.4% during the 3rd quarter. State Street Corp now owns 38,579 shares of the energy company’s stock valued at $108,000 after acquiring an additional 6,000 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of 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 acquiring an additional 15,150 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Lightbridge in the 4th quarter worth $105,000. 9.14% of the stock is owned by institutional investors.

Lightbridge Trading Up 25.0 %

LTBR traded up $2.71 on Wednesday, reaching $13.55. The company had a trading volume of 4,359,298 shares, compared to its average volume of 3,348,652. Lightbridge has a one year low of $2.21 and a one year high of $14.20. The company has a market capitalization of $213.60 million, a P/E ratio of -17.99 and a beta of 2.26. The company has a fifty day moving average of $6.35 and a 200-day moving average of $5.11.

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.