Lightbridge (NASDAQ:LTBR) released its quarterly earnings results on Thursday, March 15th. The energy company reported ($0.18) earnings per share for the quarter, Bloomberg Earnings reports. The company had revenue of $0.01 million during the quarter. Lightbridge had a negative return on equity of 118.29% and a negative net margin of 4,060.00%.
LTBR stock opened at $1.17 on Friday. Lightbridge has a fifty-two week low of $0.94 and a fifty-two week high of $4.80.
A hedge fund recently raised its stake in Lightbridge stock. Vanguard Group Inc. raised its holdings in Lightbridge Corp (NASDAQ:LTBR) by 5.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,505 shares of the energy company’s stock after purchasing an additional 3,963 shares during the period. Vanguard Group Inc. owned about 0.84% of Lightbridge worth $144,000 as of its most recent SEC filing. Institutional investors own 1.71% of the company’s stock.
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Lightbridge Corporation is a nuclear fuel technology company. The Company participates in the nuclear power industry in the United States and internationally. Its segments include nuclear fuel technology business and nuclear energy consulting business. The nuclear fuel technology business develops next generation nuclear fuel technology that increases the power output of commercial reactors; generates nuclear energy and the amount of nuclear waste on a per-megawatt-hour basis, and enhances reactor safety and the proliferation resistance of spent fuel.
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