Lightbridge Target of Unusually High Options Trading (NASDAQ:LTBR)

Lightbridge Co. (NASDAQ:LTBR) saw unusually large options trading on Monday. Traders acquired 1,711 call options on the stock. This represents an increase of approximately 463% compared to the average volume of 304 call options.

Hedge Funds Weigh In On Lightbridge

A hedge fund recently bought a new stake in Lightbridge stock. Founders Financial Securities LLC purchased a new stake in Lightbridge Co. (NASDAQ:LTBR) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,000 shares of the energy company’s stock, valued at approximately $44,000. Founders Financial Securities LLC owned about 0.11% 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 Trading Up 26.0 %

Shares of LTBR opened at $8.83 on Tuesday. The business’s fifty day simple moving average is $2.98 and its two-hundred day simple moving average is $2.91. Lightbridge has a 12 month low of $2.21 and a 12 month high of $9.78. The company has a market cap of $128.92 million, a price-to-earnings ratio of -12.44 and a beta of 2.54.

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

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.