Insider Buying: Terrestrial Energy (NASDAQ:IMSR) Director Buys 7,500 Shares of Company Stock

Terrestrial Energy Inc. (NASDAQ:IMSR) Director Charles Pardee purchased 7,500 shares of the company’s stock in a transaction dated Wednesday, October 14th. The shares were acquired at an average price of $2.95 per share, for a total transaction of $22,125.00. Following the purchase, the director directly owned 14,258 shares in the company, valued at approximately $42,061.10. The trade was a 110.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Terrestrial Energy Stock Performance

Shares of IMSR stock traded up $0.28 during mid-day trading on Thursday, reaching $3.22. 2,408,658 shares of the company’s stock traded hands, compared to its average volume of 2,409,050. Terrestrial Energy Inc. has a 12 month low of $2.79 and a 12 month high of $29.95. The firm has a 50 day moving average price of $4.73 and a two-hundred day moving average price of $6.07. The firm has a market capitalization of $341.11 million, a PE ratio of -16.95 and a beta of 2.52.

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

Institutional Trading of Terrestrial Energy

Institutional investors have recently made changes to their positions in the business. SkyView Investment Advisors LLC purchased a new stake in shares of Terrestrial Energy during the second quarter worth about $27,000. Valeo Financial Advisors LLC purchased a new position in Terrestrial Energy in the 2nd quarter worth approximately $106,000. Flax Pond Capital LLC purchased a new position in Terrestrial Energy in the 1st quarter worth approximately $96,000. Bank of New York Mellon Corp purchased a new position in Terrestrial Energy in the 2nd quarter worth approximately $120,000. Finally, California State Teachers Retirement System bought a new position in Terrestrial Energy in the 1st quarter worth approximately $188,000.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IMSR. Wall Street Zen upgraded Terrestrial Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Roth Capital began coverage on Terrestrial Energy in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Weiss Ratings cut Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.