Terrestrial Energy (NASDAQ:IMSR) CEO Simon Irish Purchases 16,900 Shares of Company Stock

Terrestrial Energy Inc. (NASDAQ:IMSR) CEO Simon Irish purchased 16,900 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The shares were purchased at an average price of $3.01 per share, for a total transaction of $50,869.00. Following the completion of the acquisition, the chief executive officer directly owned 2,312,834 shares in the company, valued at $6,961,630.34. The trade was a 0.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Terrestrial Energy Trading Down 5.5%

Shares of NASDAQ:IMSR opened at $2.94 on Thursday. Terrestrial Energy Inc. has a 12 month low of $2.79 and a 12 month high of $31.50. The firm’s 50-day moving average is $4.73 and its 200 day moving average is $6.07.

Terrestrial Energy (NASDAQ:IMSR) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. Sell-side analysts anticipate that Terrestrial Energy Inc. will post -0.50 earnings per share for the current year.

Analyst Ratings Changes

IMSR has been the topic of several recent analyst reports. Weiss Ratings downgraded Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Roth Capital initiated coverage on Terrestrial Energy in a research note on Tuesday, September 22nd. They set a “buy” rating and a $15.00 price target for the company. Finally, Wall Street Zen upgraded Terrestrial Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Terrestrial Energy has a consensus rating of “Hold” and an average target price of $14.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd boosted its position in Terrestrial Energy by 1.6% in the 2nd quarter. WINTON GROUP Ltd now owns 504,000 shares of the company’s stock valued at $3,568,000 after buying an additional 7,700 shares during the period. Renaissance Technologies LLC grew its stake in Terrestrial Energy by 136.1% in the 1st quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock worth $2,449,000 after acquiring an additional 235,100 shares in the last quarter. FNY Investment Advisers LLC grew its stake in Terrestrial Energy by 129.2% in the 2nd quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock worth $1,073,000 after acquiring an additional 85,490 shares in the last quarter. Bank of America Corp DE grew its stake in Terrestrial Energy by 96.0% in the 1st quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock worth $797,000 after acquiring an additional 65,021 shares in the last quarter. Finally, Yorkville Advisors Global LP bought a new position in Terrestrial Energy in the 1st quarter worth about $733,000.

Terrestrial Energy Company Profile

Terrestrial Energy (Nasdaq: IMSR) is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply.

IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.