Revenue Update on Lightbridge Corp(NASDAQ:LTBR)

Lightbridge Corp(NASDAQ:LTBR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $388.435K. Analysts estimated a revenue of $1.200M. The revenues were -67.63% below the estimates. Earnings per share were $-0.57.

Lightbridge Corp (LTBR) made into the market gainers list on Fridays trading session with the shares advancing 3.06% or 0.03 points. Due to strong positive momentum, the stock ended at $1.01, which is also near the day’s high of $1.0198. The stock began the session at $0.99 and the volume stood at 2,65,061 shares. The 52-week high of the shares is $3.65 and the 52 week low is $0.855. The company has a current market capitalization of $9.6 M and it has 94,68,982 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 29, 2016, Seth Grae (CEO) purchased 2,980 shares at $1.35 per share price.Also, On Nov 28, 2016, Andrey Mushakov (EVP – Intl Nuclear Operations) purchased 404 shares at $1.32 per share price.On Apr 22, 2016, Thomas Jr Graham (Chairman) purchased 2,000 shares at $0.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Lightbridge Corporation is a nuclear fuel technology company. The Company is engaged in the design and licensing of nuclear fuels that are proliferation resistant and produce less waste than current generation fuels. The Company provides strategic advisory services to governments and utilities to develop proliferation-resistant civil nuclear power programs. The Company’s operations are categorized into two segments. The nuclear fuel technology segment develops next generation nuclear fuel technology that has the potential to increase the power output of commercial reactors reduce the cost of generating nuclear energy and the amount of nuclear waste on a per-megawatt-hour basis and enhance reactor safety and the proliferation resistance of spent fuel. The nuclear energy consulting segment provides nuclear power consulting and strategic advisory services to commercial and governmental entities across the world.

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