Terrestrial Energy Target of Unusually Large Options Trading (NASDAQ:IMSR)

Terrestrial Energy Inc. (NASDAQ:IMSR) was the recipient of some unusual options trading activity on Monday. Stock traders bought 12,302 call options on the stock. This is an increase of approximately 156% compared to the typical daily volume of 4,804 call options.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Flax Pond Capital LLC purchased a new position in Terrestrial Energy during the first quarter worth about $96,000. Bank of New York Mellon Corp purchased a new position in Terrestrial Energy during the first quarter worth about $102,000. California State Teachers Retirement System purchased a new position in Terrestrial Energy during the first quarter worth about $188,000. Swiss National Bank purchased a new position in Terrestrial Energy during the first quarter worth about $340,000. Finally, Bank of America Corp DE raised its holdings in Terrestrial Energy by 96.0% during the first quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock worth $797,000 after purchasing an additional 65,021 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Terrestrial Energy in a research report on Monday, May 11th. Two equities 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’s stock. According to MarketBeat, Terrestrial Energy currently has a consensus rating of “Hold” and an average price target of $13.50.

Terrestrial Energy Stock Up 6.3%

Shares of IMSR stock traded up $0.57 during mid-day trading on Monday, hitting $9.70. 4,440,561 shares of the stock were exchanged, compared to its average volume of 2,896,823. The firm’s fifty day moving average price is $7.03. Terrestrial Energy has a 12-month low of $5.33 and a 12-month high of $31.50. The company has a market capitalization of $1.03 billion, a PE ratio of -97.30 and a beta of 2.07.

Terrestrial Energy (NASDAQ:IMSR) last announced its earnings results on Monday, March 30th. The company reported ($0.50) EPS for the quarter. As a group, analysts anticipate that Terrestrial Energy will post -0.46 earnings per share for the current year.

About Terrestrial Energy

Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.