Yorkville Advisors Global LP Acquires New Shares in Terrestrial Energy Inc. $IMSR

Yorkville Advisors Global LP acquired a new position in Terrestrial Energy Inc. (NASDAQ:IMSR) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 122,000 shares of the company’s stock, valued at approximately $733,000. Terrestrial Energy accounts for about 0.4% of Yorkville Advisors Global LP’s portfolio, making the stock its 20th biggest holding. Yorkville Advisors Global LP owned approximately 0.12% of Terrestrial Energy as of its most recent SEC filing.

Separately, Bank of New York Mellon Corp purchased a new position in Terrestrial Energy during the 1st quarter valued at about $102,000.

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 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.50.

Terrestrial Energy Stock Down 1.5%

NASDAQ:IMSR opened at $5.38 on Thursday. The stock has a market capitalization of $569.90 million, a price-to-earnings ratio of -53.80 and a beta of 2.24. Terrestrial Energy Inc. has a 52 week low of $4.38 and a 52 week high of $31.50. The firm has a 50 day moving average of $7.04 and a 200 day moving average of $7.46.

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