Terrestrial Energy (NASDAQ:IMSR) Stock: Insider Simon Irish Acquires 16,900 Shares

Terrestrial Energy Inc. (NASDAQ:IMSR) CEO Simon Irish purchased 16,900 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was acquired at an average price of $3.01 per share, with a total value of $50,869.00. Following the completion of the transaction, the chief executive officer owned 2,312,834 shares in the company, valued at approximately $6,961,630.34. This trade represents a 0.74% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Terrestrial Energy Stock Up 9.5%

IMSR stock opened at $3.22 on Friday. The company has a fifty day moving average price of $4.69 and a 200-day moving average price of $6.05. Terrestrial Energy Inc. has a 52-week low of $2.79 and a 52-week high of $29.95.

Terrestrial Energy (NASDAQ:IMSR) last issued its quarterly earnings data 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. On average, equities research analysts anticipate that Terrestrial Energy Inc. will post -0.50 earnings per share for the current fiscal year.

Institutional Trading of Terrestrial Energy

Hedge funds have recently modified their holdings of the stock. SkyView Investment Advisors LLC acquired a new position in shares of Terrestrial Energy during the 2nd quarter valued at $27,000. WINTON GROUP Ltd grew its holdings in 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 purchasing an additional 7,700 shares during the period. Valeo Financial Advisors LLC acquired a new stake in Terrestrial Energy in the second quarter worth $106,000. Flax Pond Capital LLC bought a new stake in Terrestrial Energy in the first quarter valued at $96,000. Finally, Bank of New York Mellon Corp bought a new stake in Terrestrial Energy in the second quarter valued at $120,000.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen raised Terrestrial Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings lowered Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. Finally, Roth Capital started coverage on Terrestrial Energy in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $15.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Terrestrial Energy has an average rating of “Hold” and a consensus target price of $14.00.

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.