Dallas, Texas 01/22/2014 (FINANCIALSTRENDS) – The stock of Lightbridge Corp (NASDAQ:LTBR) the small capped development stage firm which is engaged in developing new generation nuclear fuel cells which are going to be used by the nuclear power generators has been on role this month. It has appreciated many fold in the past 30 days on the back of strong demand building up for its products in the emerging markets of China and India. The $28 million market capped alternate energy provider is also banking on cornering some of the renewed business that is expected to be available in the U.S market after the Nuclear Regulatory Commission approved two new reactors after a gap of 30 years. It has its eyes on the 26 applications for starting new reactors in front of the regulator and is positioning itself to be a significant supplier to the yet to be commissioned nuclear plants.
Led by its President and Chief Executive Officer Seth Grae, Lightbridge Corp (NASDAQ:LTBR) has managed to post a significant 58 percent increase in its market valuation in the past one month. This surge in the fortunes of the stock has continued in the short term and posted a 23 percent increase last week and this surge continued into this week, with the stock vaulting a impressive 8.2 percent during just one day of trading on 21st January.
The increased confidence of the investor community in the stock of Lightbridge Corp (NASDAQ:LTBR) is largely driven by the potential that its patented nuclear fuel technologies have demonstrated in the recent times. These proprietary fuel cell technologies are designed to help achieve significant enhancement in the economics of running nuclear plans, thanks to extended fuel cycle length of more than 24 months ( industry leader in this standard) and a huge 17 percent increase in the power output when used in pressurized water reactors (PWRs).