In addition to these sales, Mushakov exercised options to acquire 10,070 shares at a price of $3.82 per share, amounting to a total value of $38,467. Following these transactions, Mushakov now holds 189,893 shares of Lightbridge common stock. According to InvestingPro, which offers 12+ additional exclusive insights for this stock, LTBR's RSI suggests the stock is in overbought territory, while maintaining a strong balance sheet with more cash than debt. These transactions were executed under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a trading plan for selling stocks they own.
In addition to these sales, Mushakov exercised options to acquire 10,070 shares at a price of $3.82 per share, amounting to a total value of $38,467. Following these transactions, Mushakov now holds 189,893 shares of Lightbridge common stock. According to InvestingPro, which offers 12+ additional exclusive insights for this stock, LTBR's RSI suggests the stock is in overbought territory, while maintaining a strong balance sheet with more cash than debt. These transactions were executed under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a trading plan for selling stocks they own.
In other recent news, Lightbridge Corporation announced a non-binding Memorandum of Understanding with Oklo Inc. to conduct a feasibility study for co-locating a Lightbridge Commercial-scale Fuel Fabrication Facility at Oklo's proposed commercial fuel fabrication facility. The collaboration aims to explore opportunities for reprocessing and recycling spent uranium-zirconium fuel. Lightbridge has also expanded its nuclear research agreement with Battelle Energy Alliance, LLC, committing an additional $1.6 million. The company has updated its at-the-market equity offering program, amending its sales agreement with Stifel, Nicolaus & Company, Incorporated, with around $45.2 million of remaining capacity for future sales. Despite reporting a net loss of $2.7 million in Q3 2024, an increase from the $1.8 million loss in the same quarter the previous year, Lightbridge maintains a robust working capital position of $25.9 million and total assets of $27.6 million. The company is collaborating with the U.S. Department of Energy on studies for potential application in small modular reactors (SMRs), and is actively seeking government funding and strategic alliances to support R&D. These are among the recent developments for Lightbridge.
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