Larry Goldman, the Chief Financial Officer of Lightbridge Corp (NASDAQ:LTBR), a company currently valued at $86.6 million, recently executed transactions involving the company's common stock, according to a filing with the Securities and Exchange Commission. According to InvestingPro data, LTBR shares have shown remarkable momentum, delivering a 71% return over the past year. On January 6, Goldman sold 3,707 shares of Lightbridge common stock, generating approximately $26,075. The shares were sold at an average price of $7.034, with individual sale prices ranging from $7.00 to $7.10.
In a related move, Goldman exercised 1,735 employee stock options at a price of $3.82 per share. These transactions were conducted under a pre-established Rule 10b5-1 trading plan, which Goldman adopted on September 12, 2024. Following these transactions, Goldman holds 197,737 shares of Lightbridge common stock directly.
"In other recent news, Lightbridge Corporation reported a net loss of $2.7 million in Q3 2024, a significant increase from the $1.8 million loss in the same quarter the previous year. Despite this, the company maintains a robust working capital position of $25.9 million and total assets of $27.6 million as of September 30, 2024. Additionally, Lightbridge has updated its at-the-market equity offering program, with amendments to its sales agreement with Stifel, Nicolaus & Company, Incorporated, enabling the sale of common stock from time to time. As of the latest prospectus supplement, Lightbridge has sold approximately $12.4 million of its common shares under this agreement, with around $45.2 million of remaining capacity for future sales. In other developments, the company is collaborating with the U.S. Department of Energy on studies for potential application in small modular reactors (SMRs). Lightbridge is actively seeking government funding and strategic alliances to support its R&D. These are among the recent developments in the company's ongoing financial strategy and commitment to advancing its Lightbridge Fuel technology."
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