September looms as a risk month for stocks, Yardeni says
RESTON, VA—Daniel Magraw, a director at Lightbridge Corp (NASDAQ:LTBR), a $192.11 million market cap company, recently sold shares in the company, as disclosed in a recent SEC filing. The stock has shown remarkable momentum, with a 236.28% surge over the past six months. The transaction, which took place on March 20, involved the sale of 323 shares at a price of $9.9499 per share, totaling approximately $3,213. Following this sale, Magraw retains ownership of 58,363 shares in the company. According to InvestingPro data, LTBR exhibits high price volatility with a beta of 2.23, while delivering an impressive 89.11% return year-to-date. Discover 10+ additional exclusive insights about LTBR with InvestingPro’s comprehensive analysis.
In other recent news, Lightbridge Corporation reported a net loss of $11.8 million for fiscal year 2024, an increase from $7.9 million in 2023. Despite these losses, the company has made significant investments in research and development, with expenses rising to $4.6 million from $1.9 million the previous year. Lightbridge’s strategic partnership with Battelle Energy Alliance at Idaho National Laboratory has been expanded, increasing the financial commitment by approximately $600,000, bringing the total estimated cost of the collaborative work to $2.6 million. This partnership focuses on developing nuclear fuel technologies, with Lightbridge responsible for most project expenses.
Additionally, Lightbridge’s working capital was reported at $39.9 million as of December 31, 2024, and the company held cash and cash equivalents of $40 million, up from $28.6 million the previous year. The company plans to invest $17 million in R&D for 2025, focusing on its metallic fuel technology. Lightbridge is also exploring strategic alliances and government funding opportunities to support its future endeavors. While the company has not announced any analyst upgrades or downgrades, it continues to strengthen its market position through partnerships and technological advancements.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.