Lightbridge Corp (NASDAQ: LTBR) Could See A Rise In Prices Shortly.

In today’s recent session, 4.05 million shares of the Lightbridge Corp (NASDAQ:LTBR) have been traded, and its beta is 2.53. Most recently the company’s share price was $9.57, and it changed around $2.22 or 30.26% from the last close, which brings the market valuation of the company to $139.78M. LTBR at last check was trading at a discount to its 52-week high of $9.78, offering almost -2.19% off that amount. The share price’s 52-week low was $2.21, which indicates that the recent value has risen by an impressive 76.91% since then. We note from Lightbridge Corp’s average daily trading volume that its 10-day average is 3.64 million shares, with the 3-month average coming to 693.68K.

Lightbridge Corp (NASDAQ:LTBR) trade information

Instantly LTBR has been showing a green trend so far today with a performance of 30.26% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 10.10 on recent trading dayincreased the stock’s daily price by 5.25%. The company’s shares are currently up 198.26% year-to-date, but still up 8.43% over the last five days. On the other hand, Lightbridge Corp (NASDAQ:LTBR) is 234.76% up in the 30-day period. We can see from the shorts that 0.11 million shares have been sold at a short interest cover period of 0.4 day(s).

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Lightbridge Corp (NASDAQ:LTBR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 13.52% of Lightbridge Corp shares, and 8.51% of them are in the hands of institutional investors. The stock currently has a share float of 9.84%. Lightbridge Corp stock is held by 35.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.0893% of the shares, which is about 0.55 million shares worth $1.86 million.

GEODE CAPITAL MANAGEMENT, LLC, with 1.2418% or 0.17 million shares worth $0.56 million as of 2024-06-30, holds the second largest percentage of outstanding shares.