Terrestrial Energy (NASDAQ:IMSR) CEO Buys 16,900 Shares of Stock

Terrestrial Energy Inc. (NASDAQ:IMSR) CEO Simon Irish bought 16,900 shares of the business’s stock in a transaction on Tuesday, October 13th. The shares were acquired at an average price of $3.01 per share, for a total transaction of $50,869.00. Following the completion of the purchase, the chief executive officer owned 2,312,834 shares in the company, valued at approximately $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 is available at this link.

Terrestrial Energy Stock Performance

Shares of IMSR stock traded down $0.14 during trading hours on Wednesday, reaching $2.96. The company had a trading volume of 579,019 shares, compared to its average volume of 2,402,034. The firm has a market cap of $314.08 million, a PE ratio of -15.71 and a beta of 2.52. Terrestrial Energy Inc. has a one year low of $2.79 and a one year high of $31.50. The business has a fifty day moving average price of $4.78 and a 200-day moving average price of $6.10.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Roth Capital started 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. Wall Street Zen upgraded shares of Terrestrial Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings cut shares of Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Terrestrial Energy presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SkyView Investment Advisors LLC bought a new stake in shares of Terrestrial Energy in the 2nd quarter valued at about $27,000. 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 worth $3,568,000 after purchasing an additional 7,700 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in Terrestrial Energy in the 2nd quarter worth about $106,000. Flax Pond Capital LLC purchased a new position in Terrestrial Energy during the first quarter worth approximately $96,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Terrestrial Energy in the second quarter valued at approximately $120,000.

About Terrestrial Energy

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.