Thorium Power (NASDAQ:LTBR) issued its quarterly earnings results on Thursday, March 15th. The energy company reported ($0.18) EPS for the quarter, Bloomberg Earnings reports. The company had revenue of $0.01 million during the quarter. Thorium Power had a negative return on equity of 118.29% and a negative net margin of 4,060.00%.
Shares of NASDAQ:LTBR traded up $0.03 during midday trading on Friday, hitting $1.16. The company had a trading volume of 269,721 shares, compared to its average volume of 745,129. Thorium Power has a 12-month low of $0.94 and a 12-month high of $4.80.
A hedge fund recently raised its stake in Thorium Power stock. Vanguard Group Inc. lifted its stake in Thorium Power (NASDAQ:LTBR) by 5.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 0.84% of Thorium Power worth $144,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.71% of the company’s stock.
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Thorium Power Company Profile
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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