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

Terrestrial Energy Inc. (NASDAQ:IMSR) was the recipient of unusually large options trading activity on Monday. Traders purchased 12,302 call options on the stock. This is an increase of 156% compared to the typical volume of 4,804 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Terrestrial Energy in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.50.

Institutional Trading of Terrestrial Energy

A number of hedge funds have recently bought and sold shares of IMSR. Renaissance Technologies LLC raised its stake in shares of Terrestrial Energy by 136.1% in the 1st quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock valued at $2,449,000 after acquiring an additional 235,100 shares during the period. Bank of America Corp DE increased its stake in Terrestrial Energy by 96.0% during the 1st quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock worth $797,000 after buying an additional 65,021 shares during the period. Yorkville Advisors Global LP purchased a new stake in Terrestrial Energy during the 1st quarter worth $733,000. Swiss National Bank purchased a new stake in Terrestrial Energy during the 1st quarter worth $340,000. Finally, California State Teachers Retirement System purchased a new stake in Terrestrial Energy during the 1st quarter worth $188,000.

Terrestrial Energy Trading Up 6.3%

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

Terrestrial Energy (NASDAQ:IMSR) last released its quarterly earnings results on Monday, March 30th. The company reported ($0.50) EPS for the quarter. On average, analysts anticipate that Terrestrial Energy will post -0.46 earnings per share for the current fiscal 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.