Lightbridge Corp. (LTBR), a company that actively develops nuclear fuel technology, has declined 7.21% in aftermarket trading session. Owing to that, the stock was trading at $11.59 when last checked. The decline came as a result of the profit-taking factor after the stock went berserk in Wednesday’s regular trading session. It soared by 29.97% to close the day at $12.49. The reason for the surge was the announcement from the company that its CEO, Seth Grae, would appear in the Hannity show of FOX News, even though a later release announced the postponement of the show owing to the breaking news. Let’s discuss some recent developments of LTBR stock.
FY 2021 Results?
On the 28th of February, LTBR announced that it would be releasing the financial results for the fiscal year 2021 on the 10th of March 2022. The results would discuss the company’s financial performance throughout the year and would provide an update on the fuel development-related activities.
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Appointment to SMR Working Group
On the 4th of January 2022, LTBR announced the appointment of Vice President of Fuel Cycle Technology and Fuel Fabrication, Dr. Aaron Totemeier, to the Small Modular Reactors Working Group belonging to the U.S. Department of Commerce International Trade Administration. The appointment became effective on an immediate basis. The role demands Dr. Totemeier to participate in the briefings on the government policies. He would be provided relevant information on the export opportunities for the markets of the Small Modular Reactors in Europe.
LTBR Received Notice of Allowance
In November 2021, LTBR reported the receipt of Notice of Allowance from the US Patent Office for a crucial divisional patent. The patent was related to the metallic nuclear fuel assembly of the company. The assembly is meant for Western-type pressurized water reactors having square fuel assembly grids. The patent was based upon the 2014 Patent Cooperation Treaty patent application. It broadened the company’s claims which were directed towards the fuel assembly.
What’s Ahead for LTBR?
Looking ahead, analysts believe that even though technical indicators are pointing in an optimistic direction for LTBR stock, still the stock is not a buy candidate. At the current level, the investors should consider the stock as a hold candidate while waiting for future developments.