United Continental Holdings Inc. (UAL)’s CEO Buys $1 million Worth of Stock; Two Other Companies with Insider Buying

Nuclear Fuel Technology Company Witnesses Chairman Buy Shares on a Consistent Basis

Lightbridge Corp (NASDAQ:LTBR) also had one influential insider purchase shares this past week. Thomas Graham Jr., Executive Chairman of the Board, bought 2,000 units of common stock on Friday for $0.49 each, which lifted his ownership to 103,630 shares. Mr. Graham purchased two additional 2,000-share blocks in 2016, of which one was purchased in mid-March and one in January.

The nuclear fuel technology company has seen its market value decline 69% in the past 12 months, after having dropped 54% thus far in 2016. The company currently focuses on developing next generation fuel technology that is anticipated to have the potential to increase significantly the power output of commercial reactors, reduce the cost of generating electricity and the amount of nuclear waste, as well as enhance reactor safety. Lightbridge anticipates to spend roughly $3 million to $3.5 million in research and development related to the development of its proprietary nuclear fuel designs in the upcoming year or so, which involves the preparation for a full-scale demonstration of its fuel technology in an operating commercial power reactor. Meanwhile, the company generates revenue by offering nuclear power consulting and strategic advisory services to international governments planning to create or expand electricity generation capabilities using nuclear power plants.

Lightbridge anticipates entering into a commercial fuel manufacturing arrangement in late 2017 or even earlier, which might include upfront technology access fees and engineering support or consulting payments. There were no hedge funds tracked by Insider Monkey with stakes in Lightbridge Corp (NASDAQ:LTBR) at the end of December.