Terrestrial Energy (NASDAQ:IMSR) Director Charles Pardee Purchases 7,500 Shares of Company Stock

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

Terrestrial Energy Stock Performance

Shares of NASDAQ:IMSR opened at $3.22 on Friday. Terrestrial Energy Inc. has a twelve month low of $2.79 and a twelve month high of $29.95. The firm has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $6.05.

Terrestrial Energy (NASDAQ:IMSR) last issued its earnings results 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. As a group, sell-side analysts predict that Terrestrial Energy Inc. will post -0.50 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IMSR has been the subject of several research analyst reports. Roth Capital began coverage on shares of Terrestrial Energy in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $15.00 price objective for the company. Weiss Ratings lowered Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen upgraded Terrestrial Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Three 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.00.

Institutional Investors Weigh In On Terrestrial Energy

Several institutional investors have recently made changes to their positions in IMSR. SkyView Investment Advisors LLC acquired a new position in shares of Terrestrial Energy during the 2nd quarter worth $27,000. Valeo Financial Advisors LLC acquired a new stake in shares of Terrestrial Energy in the second quarter valued at about $106,000. Flax Pond Capital LLC acquired a new stake in shares of Terrestrial Energy in the first quarter valued at about $96,000. Bank of New York Mellon Corp purchased a new stake in Terrestrial Energy during the second quarter worth about $120,000. Finally, California State Teachers Retirement System purchased a new stake in Terrestrial Energy during the first 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.