Lightbridge EVP Andrey Mushakov sells $404,088 in inventory

Along with these gross sales, Mushakov exercised choices to amass 10,070 shares at a value of $3.82 per share, amounting to a complete worth of $38,467. Following these transactions, Mushakov now holds 189,893 shares of Lightbridge widespread inventory. In response to InvestingPro, which presents 12+ extra unique insights for this inventory, LTBR’s RSI suggests the inventory is in overbought territory, whereas sustaining a powerful stability sheet with more money than debt. These transactions had been executed underneath a pre-established Rule 10b5-1 buying and selling plan, which permits insiders to arrange a buying and selling plan for promoting shares they personal.

Along with these gross sales, Mushakov exercised choices to amass 10,070 shares at a value of $3.82 per share, amounting to a complete worth of $38,467. Following these transactions, Mushakov now holds 189,893 shares of Lightbridge widespread inventory. In response to InvestingPro, which presents 12+ extra unique insights for this inventory, LTBR’s RSI suggests the inventory is in overbought territory, whereas sustaining a powerful stability sheet with more money than debt. These transactions had been executed underneath a pre-established Rule 10b5-1 buying and selling plan, which permits insiders to arrange a buying and selling plan for promoting shares they personal.

In different current information, Lightbridge Company introduced a non-binding Memorandum of Understanding with Oklo Inc. to conduct a feasibility research for co-locating a Lightbridge Industrial-scale Gasoline Fabrication Facility at Oklo’s proposed business gasoline fabrication facility. The collaboration goals to discover alternatives for reprocessing and recycling spent uranium-zirconium gasoline. Lightbridge has additionally expanded its nuclear analysis settlement with Battelle Power Alliance, LLC, committing a further $1.6 million. The corporate has up to date its at-the-market fairness providing program, amending its gross sales settlement with Stifel, Nicolaus & Firm, Integrated, with round $45.2 million of remaining capability for future gross sales. Regardless of reporting a internet lack of $2.7 million in Q3 2024, a rise from the $1.8 million loss in the identical quarter the earlier 12 months, Lightbridge maintains a sturdy working capital place of $25.9 million and whole belongings of $27.6 million. The corporate is collaborating with the U.S. Division of Power on research for potential utility in small modular reactors (SMRs), and is actively searching for authorities funding and strategic alliances to assist R&D. These are among the many current developments for Lightbridge.

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