Terrestrial Energy (NASDAQ:IMSR) CEO Acquires $50,869.00 in Stock

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 shares were purchased at an average cost of $3.01 per share, for a total transaction of $50,869.00. Following the completion of the purchase, the chief executive officer directly owned 2,312,834 shares in the company, valued at $6,961,630.34. The trade was a 0.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Terrestrial Energy Trading Down 5.3%

Shares of NASDAQ IMSR traded down $0.17 during midday trading on Friday, reaching $3.05. 1,231,395 shares of the stock were exchanged, compared to its average volume of 1,685,676. The stock has a 50 day moving average price of $4.63 and a 200-day moving average price of $6.03. The company has a market capitalization of $323.09 million, a P/E ratio of -16.05 and a beta of 2.52. Terrestrial Energy Inc. has a 52-week low of $2.79 and a 52-week high of $27.16.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Roth Capital assumed coverage on shares of Terrestrial Energy in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $15.00 target price on the stock. Weiss Ratings downgraded shares of Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen raised shares of Terrestrial Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Three equities 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.com, the company has an average rating of “Hold” and an average target price of $14.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IMSR. SkyView Investment Advisors LLC acquired a new position in Terrestrial Energy in the second quarter valued at $27,000. Valeo Financial Advisors LLC acquired a new stake in Terrestrial Energy during the third quarter worth about $58,000. Flax Pond Capital LLC acquired a new stake in Terrestrial Energy during the first quarter worth about $96,000. Bank of New York Mellon Corp purchased a new position in shares of Terrestrial Energy in the 1st quarter worth about $102,000. Finally, California State Teachers Retirement System purchased a new position in shares of Terrestrial Energy in the 1st quarter worth about $188,000.

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.