Insider Selling: Lightbridge Co. (NASDAQ:LTBR) EVP Sells 30,000 Shares of Stock

Lightbridge Co. (NASDAQ:LTBR) EVP Andrey Mushakov sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $14.58, for a total transaction of $437,400.00. Following the transaction, the executive vice president now owns 159,893 shares of the company’s stock, valued at approximately $2,331,239.94. This represents a 15.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Andrey Mushakov also recently made the following trade(s):

• On Thursday, January 23rd, Andrey Mushakov sold 45,070 shares of Lightbridge stock. The stock was sold at an average price of $8.97, for a total transaction of $404,277.90.

Lightbridge Stock Performance

Shares of NASDAQ:LTBR opened at $13.56 on Friday. Lightbridge Co. has a fifty-two week low of $2.21 and a fifty-two week high of $16.90. The firm has a fifty day moving average price of $6.96 and a 200 day moving average price of $5.37.

Hedge Funds Weigh In On Lightbridge

Several institutional investors have recently bought and sold shares of LTBR. Renaissance Technologies LLC lifted its position in Lightbridge by 785.8% during the fourth quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company’s stock valued at $1,006,000 after purchasing an additional 188,600 shares during the last quarter. Private Advisor Group LLC bought a new position in Lightbridge during the fourth quarter valued at $627,000. Verition Fund Management LLC bought a new position in Lightbridge during the third quarter valued at $288,000. Northern Trust Corp lifted its position in Lightbridge by 65.6% during the fourth quarter. Northern Trust Corp now owns 73,312 shares of the energy company’s stock valued at $347,000 after purchasing an additional 29,046 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in Lightbridge during the fourth quarter valued at $118,000. 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.