Lightbridge (NASDAQ:LTBR) Share Price Crosses Below Fifty Day Moving Average of $0.70

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Shares of Lightbridge Corp (NASDAQ:LTBR) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.70 and traded as low as $0.65. Lightbridge shares last traded at $0.67, with a volume of 23,301 shares.

The company’s fifty day simple moving average is $0.69.

Lightbridge (NASDAQ:LTBR) last announced its quarterly earnings data on Thursday, May 9th. The energy company reported ($0.09) earnings per share for the quarter.

An institutional investor recently bought a new position in Lightbridge stock. Pensionmark Financial Group LLC bought a new position in shares of Lightbridge Corp (NASDAQ:LTBR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 70,000 shares of the energy company’s stock, valued at approximately $43,000. Pensionmark Financial Group LLC owned approximately 0.22% of Lightbridge as of its most recent SEC filing. 4.90% of the stock is owned by hedge funds and other institutional investors.

About Lightbridge (NASDAQ:LTBR)

Lightbridge Corporation operates as a nuclear fuel technology company worldwide. It operates through two segments, Technology and Consulting. It offers all-metal fuel for operating and new build reactors; all-uranium seed and blanket fuel for existing plants and new build reactors; and thorium-based seed and blanket fuel for existing and new build reactors.

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