24/7 Market News Snapshot 28 October, 2024 – Lightbridge Corp. (NASDAQ:LTBR)

October 28, 2024

DENVER, Colo., 28 October, 2024 (247marketnews.com) – (NASDAQ:LTBR) are discussed in this article.
An impressive surge on the stock market has propelled Lightbridge Corp. (LTBR), which opened at $8.10 and saw a remarkable jump to $8.91, reflecting a substantial increase of 21.18%. This price increase followed a prior session close of $7.35, capturing the attention of investors who are eager to take advantage of the stock’s promising upward trajectory. With a significant trading volume of 1.57 million shares, the bullish sentiment is evident, prompting analysts to keep a close watch on critical resistance levels that could define future movements.

In addition to market activity, Lightbridge Corporation has made strides in advanced nuclear fuel technology, showcased at the recent TopFuel 2024 Conference. The company shared groundbreaking findings developed in collaboration with notable institutions such as the Massachusetts Institute of Technology (MIT) and Structural Integrity Associates (SIA). These studies highlighted the advanced characteristics of Lightbridge Fuel™, demonstrating its potential to enhance safety and efficiency in nuclear reactor operations.

The research from MIT, funded by the U.S. Department of Energy’s Nuclear Energy University Programs, focused on the performance of Lightbridge Fuel in the NuScale Small Modular Reactor (SMR). The results indicated that this innovative metallic fuel operates at significantly lower temperatures compared to traditional fuel, which can optimize thermal-hydraulic performance and support power uprates. Dr. Koroush Shirvan emphasized the economic implications for reactors, pointing to a significant advancement in nuclear energy technology.

Moreover, findings from SIA revealed that Lightbridge Fuel surpasses conventional uranium dioxide in pressurized water reactors, especially under accident conditions, showcasing lower peak cladding temperatures and improved structural integrity. As the company prepares for in-reactor testing, these developments signify a transformative period for nuclear power, with Lightbridge poised as a leader in delivering solutions to contemporary energy challenges.

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