Lightbridge Corp (NASDAQ: LTBR) is having an overwhelmingly positive start to the trading session this morning, and for good reason. The company announced a conference that would be hosted early this morning, and at the conference investors learned some exciting news. Of course, the excitement led to massive gains in the value of the stock. Today, we’ll talk about the update, what we’re seeing from the stock, and what we’ll be watching for with regard to LTBR ahead.
LTBR Gains Big On Partnership News
As mentioned above, Lightbridge is having an incredibly strong day in the market today. Last night, the company announced a conference that would be hosted this morning. On the announcement, the stock started to fly. Then, minutes ago, as the conference began, we saw yet another spike as the stock gains in multiples.
At the press release, investors learned that LTBR is working to move forward with a new joint venture that could be revolutionary for the nuclear energy market. The joint venture has to do with Framatome, a company that was previously known as New NP, a subsidiary of AREVA NP. The company is a major player in the international nuclear energy market and is focused on designing, building, maintaining and advancing the global nuclear fleet.
The two companies plan to leverage their experience, technology and massive work force to bring revolutionary change to the nuclear energy space. In particular, LTBR and Framatome plan on improving the safety, performance, and economic efficacy of nuclear power generation.
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