Lightbridge (NASDAQ:LTBR) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Lightbridge Co. (NASDAQ:LTBR) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.43 and traded as high as $10.10. Lightbridge shares last traded at $9.74, with a volume of 2,546,666 shares.

Lightbridge Price Performance

The firm has a market capitalization of $141.59 million, a PE ratio of -11.97 and a beta of 2.21. The firm’s fifty day moving average is $4.64 and its two-hundred day moving average is $3.48.

Institutional Trading of Lightbridge

An institutional investor recently bought a new position in Lightbridge stock. Capital Market Strategies LLC purchased a new stake in shares of Lightbridge Co. (NASDAQ:LTBR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 14,000 shares of the energy company’s stock, valued at approximately $39,000. Capital Market Strategies LLC owned approximately 0.10% of Lightbridge at the end of the most recent quarter. Hedge funds and other institutional investors 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.