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Larry Goldman, the Chief Monetary Officer of Lightbridge Corp (NASDAQ:LTBR), just lately executed a number of inventory transactions as reported in a Kind 4 submitting. On January 22 and January 23, Goldman bought a complete of 36,116 shares of Lightbridge frequent inventory. The shares have been bought at costs starting from $7.00 to $10.0684, producing roughly $299,614 in proceeds. The timing of those gross sales is notable, as InvestingPro information reveals the inventory has delivered robust returns throughout a number of timeframes and at present trades at a P/B ratio of 6.05x, with technical indicators suggesting overbought circumstances.
Along with these gross sales, Goldman exercised 7,582 worker inventory choices at a value of $3.82 per share, a transaction valued at $28,963. These transactions have been carried out below a Rule 10b5-1 buying and selling plan established in September 2024. Following these transactions, Goldman holds 169,203 shares of Lightbridge frequent inventory. With a market capitalization of $124 million, Lightbridge reveals excessive value volatility in accordance with InvestingPro, which provides 12 extra funding ideas and a complete Professional Analysis Report for deeper evaluation.
In different latest information, Lightbridge Company introduced a non-binding Memorandum of Understanding (MOU) with Oklo Inc., aiming to discover alternatives for reprocessing and recycling spent uranium-zirconium gas. This collaboration may result in developments within the nuclear gas sector, specializing in sustainability and environment friendly useful resource utilization. The corporate additionally expanded its nuclear analysis settlement with Battelle Vitality Alliance, LLC, committing an extra $1.6 million, bringing the overall estimated price of their joint nuclear analysis and growth work to $5.4 million.
In monetary information, Lightbridge 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 web lack of $2.7 million in Q3 2024, a rise from the $1.8 million loss in the identical quarter the earlier yr, Lightbridge maintains a strong working capital place of $25.9 million and whole property of $27.6 million.
These latest developments point out Lightbridge’s strategic efforts to interact within the nuclear power business’s provide chain and doubtlessly increase its service choices past administration consulting. It additionally displays a rising pattern within the nuclear business to deal with the total lifecycle of nuclear supplies, from gas fabrication to recycling.
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