Lightbridge (NASDAQ:LTBR) Stock Passes Above 200 Day Moving Average – Time to Sell?

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 $2.81 and traded as high as $3.29. Lightbridge shares last traded at $3.17, with a volume of 109,663 shares.

Lightbridge Stock Performance

The firm has a market capitalization of $46.28 million, a price-to-earnings ratio of -4.46 and a beta of 2.54. The business has a 50 day moving average of $2.65 and a two-hundred day moving average of $2.81.

Lightbridge (NASDAQ:LTBR) last announced its quarterly earnings data on Wednesday, July 31st. The energy company reported ($0.17) earnings per share for the quarter.

Institutional Trading of Lightbridge

An institutional investor recently bought a new position in Lightbridge stock. Founders Financial Securities LLC acquired a new position in Lightbridge Co. (NASDAQ:LTBR) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the energy company’s stock, valued at approximately $44,000. Founders Financial Securities LLC owned approximately 0.11% of Lightbridge at the end of the most recent quarter. Institutional investors own 9.14% of the company’s stock.

About Lightbridge

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.