Lightbridge Corporation Reports Quarterly Financial Results
Lightbridge Corporation (NASDAQ:LTBR) announced its financial performance for the recent quarter, revealing a loss per share of $0.16. On Monday, the company's stock experienced a decline of $0.27, closing at $13.50, with a total market capitalization of approximately $310 million. Notably, institutional investors increased their stakes significantly during the second quarter; Geode Capital Management expanded its holdings by 166.3%, while Goldman Sachs raised theirs by 601.6%.
Trading Volume and Market Averages
Trading volume for Lightbridge stood at around 994,000 shares, below its average of 2 million shares. The stock's 50-day moving average is $13.72, and the 200-day moving average is $11.11. Over the past year, the share price ranged from a low of $2.24 to a high of $17.70.
Recent Institutional Moves
Recent institutional moves include Cetera Investment Advisers initiating a new position valued at approximately $253,000. Geode Capital Management increased its ownership by over 166%, now holding nearly 474,000 shares worth about $6.3 million. Goldman Sachs also significantly boost...