Terrestrial Energy (NASDAQ:IMSR) Director Purchases $22,125.00 in Stock

Terrestrial Energy Inc. (NASDAQ:IMSR) Director Charles Pardee acquired 7,500 shares of Terrestrial Energy stock in a transaction that occurred on Wednesday, October 14th. The stock was bought at an average price of $2.95 per share, for a total transaction of $22,125.00. Following the completion of the acquisition, the director owned 14,258 shares in the company, valued at $42,061.10. This trade represents a 110.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Terrestrial Energy Price Performance

NASDAQ IMSR opened at $3.05 on Friday. The firm’s 50-day moving average is $4.63 and its two-hundred day moving average is $6.03. Terrestrial Energy Inc. has a 12 month low of $2.79 and a 12 month high of $27.16. The stock has a market capitalization of $323.09 million, a P/E ratio of -16.05 and a beta of 2.52.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Terrestrial Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WINTON GROUP Ltd grew its stake in shares of Terrestrial Energy by 1.6% in the second quarter. WINTON GROUP Ltd now owns 504,000 shares of the company’s stock worth $3,568,000 after acquiring an additional 7,700 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Terrestrial Energy by 136.1% in the first quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock valued at $2,449,000 after acquiring an additional 235,100 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of Terrestrial Energy by 129.2% in the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock valued at $1,073,000 after acquiring an additional 85,490 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Terrestrial Energy by 96.0% in the first quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock valued at $797,000 after acquiring an additional 65,021 shares in the last quarter. Finally, Yorkville Advisors Global LP purchased a new position in Terrestrial Energy in the first quarter valued at $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.